Global-Tax-Weekly_March 26_Penelle_Hard to Value Intangibles and BEPS
BEPS - recap on intangibles & documentation
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1 Quantera Global | BEPS update - 16 September 2014| 1. Transfer Pricing & Intangibles 2. Transfer Pricing Documentation and Country-by-Country Reporting 3. The Tax Challenges of the Digital Economy 4. Hybrid Mismatch Arrangements 5. Harmful Tax Practices 6. Tax Treaty Abuse 7. The Feasibility of Developing a Multilateral Instrument on BEPS • OECD Webcast – 4:00 PM CEST BEPS an update! 16 September 2014 – finalized reports on 7 actions plans!
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BEPS update To subscribe for the Webinar "How BEPS may affect your transfer pricing soon", September 30th, 11.00am CET, please send an email to [email protected].
Transcript of BEPS - recap on intangibles & documentation
1 Quantera Global | BEPS update - 16 September 2014|
1. Transfer Pricing & Intangibles2. Transfer Pricing Documentation and Country-by-Country Reporting3. The Tax Challenges of the Digital Economy4. Hybrid Mismatch Arrangements5. Harmful Tax Practices6. Tax Treaty Abuse7. The Feasibility of Developing a Multilateral Instrument on BEPS
• OECD Webcast – 4:00 PM CEST
BEPS an update!
16 September 2014 – finalized reports on 7 actions plans!
2 Quantera Global | BEPS update - 16 September 2014|
Action 8: Intangibles
Develop rules to prevent BEPS by moving intangibles among groupmembers. This will involve:
(i) adopting a broad and clearly delineated definition of intangibles;
(ii) ensuring that profits associated with the transfer and use of intangibles are appropriately allocated in accordance with (rather than divorced from) value creation;
(iii) developing transfer pricing rules or special measures for transfers of hard-to-value intangibles; and
(iv) updating the guidance on cost contribution arrangements.
BEPS – recap on intangibles
3 Quantera Global | BEPS update - 16 September 2014|
Action 13: Re-examine transfer pricing documentation
Develop rules regarding transfer pricing documentation to enhance transparency for tax administration, taking into consideration the compliance costs for business.
The rules to be developed will include a requirement that MNE’s provide all relevant governments with needed information on their global allocation of the income, economic activity and taxes paid among countries according to a common template.
BEPS – recap on Transfer Pricing documentation
4 Quantera Global | BEPS update - 16 September 2014|
• 20-21 September 2014G20 top for political endorsement of finalized reports
• 30 September 2014Webinar How BEPS may affect your transfer pricing soon. For more information about this webinar send an email to [email protected]
• December 2014 Draft report on intangible issues
• September 2015Changes to the TP guidelines and possibly the Model Tax convention
BEPS – some next steps
