According to the 9 May press release, the OECD is considering starting two new projects to revise the guidance in Chapter IV (administrative approaches) and Chapter VII (intra-group services) of the 2017 Guidelines.
Note that as part of the OECD BEPS project, Chapter VII of the OECD Guidelines has already been updated to incorporate a simplified approach to determine the arm’s length charges for low value-adding intra-group services, so this invitation from the OECD relates to additional work required relating to that Chapter.
Interested parties are invited to send their comments on later than 20 June 2018.
To read the full press release click here.
If you would like to discuss, please contact your usual PwC Transfer Pricing team.