After BEPS action 13 was launched most multinational enterprises (‘MNEs’) experienced an increase in their Transfer Pricing (‘TP’) compliance burden. Local tax authorities focused on collecting information more than ever. MNEs began to prepare TP ...

Following the Act on Financial supervision, banks should undertake sufficient measures to secure their business integrity, including their tax integrity. The Dutch Central Bank applies a broad interpretation of tax integrity. The Dutch Central Ban...

It is already October, one of the last months of what has been a challenging year so far. 2020 has been characterized by the rapid spread of COVID-19, along with the economic downturn as a result of this spread. In these times of economic adversit...

Because of the financial crisis and the LIBOR scandal, a global project to reform interest benchmark rates has started in 2013. Several existing interbank offered rates (IBORs) such as the Euribor and LIBOR are in the process of being renewed or p...

The transfer pricing aspects of intercompany financial transactions are often considered to be complicated. These difficulties arise due to the characteristics of financial instruments and continuous developments of financial markets. In this blog...

The EU Mandatory Disclosure Directive (MDD/DAC6) obliges intermediaries and taxpayers to report certain tax and TP arrangements to tax authorities. This will increase the compliance burden for companies and tax intermediaries. Certain TP arrangeme...

In October and November 2019, the OECD released discussion drafts as part of BEPS Action 1 on taxation in the digital economy. The proposals of the OECD consisted of two main “pillars”. Initially, the OECD intended to release final reports in Octo...

Most countries require companies to prepare transfer pricing documentation on a yearly basis. This relates for example to the master file, local files, and other local transfer pricing forms. It is important to meet these yearly documentation requ...