Report on Amount B of Pillar One released, providing simplified transfer pricing rules and conforming changes to the Commentary of the OECD Model Tax Convention
On 19 February 2024, the OECD/G20 Inclusive Framework on BEPS released the report on Amount B of Pillar One, which provides a simplified and streamlined approach to the application of the arm's length principle to baseline marketing and distribution activities, with a particular focus on the needs of low-capacity countries. This has been announced with a news release dated 19 February 2024 on the website of the OECD. Further from the ...