Issue 33 - March 2020

Transfer pricing is increasingly influencing significant changes in tax legislation around the world. This 33rd issue of BDO’s Transfer Pricing Newsletter focuses on recent developments on an international level regarding OECD Guidance on financial transactions and on country level in Brazil, China, Germany, and North Macedonia. As you can read, major changes in legislation, case law and guidance have been made and will be made in the coming period, with interesting developments in various countries around the world.

At this time, these developments take place against the backdrop of the COVID-19 global pandemic, which has resulted in an unprecedented situation, giving rise to many questions. Many countries are implementing tax or financial compensation measures to support affected businesses and individuals. To help you keep abreast of developments, BDO is working on a new interactive tool, summarising measures taken in each country, with links to more detailed information. We expect to launch this as soon as it becomes available on the BDO's global COVID-19 crisis hub.

In the meantime, many countries are addressing the challenge of what a fair and workable tax system should look like in our modern global economy and have pressed ahead and announced unilateral measures to implement their version of how the digital economy should be taxed. We invite you to explore the first edition of our Taxation of the Digital Economy interactive tool which gives an overview of the rules on taxing digital transactions in some forty jurisdictions.

We are very pleased to bring you this issue of BDO’s Transfer Pricing News, which we were able to produce in close co-operation with our colleagues from the above-mentioned countries. We trust that you will find it useful and informative. If you would like more information on any of the items featured, or would like to discuss their implications for your business, please contact the person named under the item(s). The material discussed in this newsletter is intended to provide general information only, and should not be acted upon without first obtaining professional advice tailored to your particular needs.


In this issue: