Country Benefits Welcomed in OECD’s Transfer Pricing Rules

Several countries are signaling interest in a new OECD framework aimed at simplifying intercompany pricing transactions.

The framework is part of the Organization for Economic Cooperation and Development’s work implementing a 2021 deal to overhaul global tax rules. It’s aimed at simplifying transfer pricing, or valuing, of wholesale marketing and distribution transactions of tangible goods between related entities.

Argentina, Brazil, Costa Rica, Mexico, and South Africa have expressed an interest in the proposal, according to the OECD.

The organization released a list Monday of about 60 so-called covered jurisdictions that would benefit from the framework. Members of the Inclusive Framework—the ...