Transfer Pricing: OECD states that Brazil has identified a clear path to align its transfer pricing structure with OECD standards
Both options include full adherence to the arm’s length principle, which is at the heart of the OECD standard, while preserving simplification, maintaining the ease of compliance and effectiveness of tax administration, as well as international tax security.
Brazil’s Federal Revenue Special Secretary, José Barroso Tostes Neto, also expressed support for bringing Brazil closer to the OECD standard. “The report describes the direction of our next efforts, which is full alignment with the OECD transfer pricing standard.” “This is because our vision for the future aims to increase the integration and openness of Brazil.
We count on all stakeholders as well as the OECD and the countries that have provided their generous assistance and support to achieve the goal of implementing a system that will be appropriate and work for Brazil and become an inspiration for other countries to follow.
Source: OECD.
More information: reginaldo.santos@correiadasilva.com.br
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