tax ACADEMY
Konnectplus
KENYA

OECD - Base Erosion & Profit Shifting





Chapter 15

OECD and G20 BEPS Action Plan: Changes to the International Tax System

  • The (BEPS) Project, an ambitious plan undertaken jointly by the OECD and G20 to overhaul the global international tax system, culminated with a huge report of recommendations that, if adopted, could have a significant impact on cross-border trade.


Transfer Pricing Documentation and Country by Country Reporting (CbCR)
Action 13
Re-examine transfer pricing documentation and CbCR

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.




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