Transfer pricing is a critical issue for all companies with cross border or inter-company transactions.
Transfer pricing is a critical issue for all companies with cross border or inter-compa...
Transfer pricing is a critical issue for all companies with cross border or inter-company transactions, and is one of the cornerstones of effective global tax planning.
Our multidisciplinary approach can help you manage your company’s transfer pricing issues by providing advice on planning, compliance and documentation, compliance dispute resolution, and practical implementation of your transfer pricing policy in Belgium and internationally.
We also have significant experience in responding and challenging the issues raised by tax authorities during audits. Our strategies are directed to be commercially viable and balanced, generating tax efficiencies and mitigating the risk of tax authority challenge.
Recent BEPS Actions
With the increasing globalization and complexity of intercompany flows, the national laws have not kept pace with their changing tax environment. Indeed, the fluid capital and the growing importance of digital economy create new opportunities for multinational enterprises to avoid taxation in their domestic countries by shifting their activities and (intangible) assets to low or no tax jurisdictions, undermining the fairness and integrity of tax law provisions.
By launching its Base Erosion and Profit Shifting (“BEPS”) action plan in July 2013, the OECD is looking to tackle those issues. The action plan consists of 15 specific actions providing international guidance to address BEPS. The main objectives of the action plan is to develop a new set of standards namely to prevent double non-taxation, to ensure the consistency of the international tax system and tax transparency.
Access the OECD BEPS webpage for more information and a download of the deliverables.
On 5 October 2015, the OECD released the final deliverables for its Base Erosion and Profit Shifting (BEPS) Project organized around 7 topics. The OECD aims to tackle the BEPS issues by the interaction between all actions and the comprehensive and holistic approach.