OECD project on intangibles: Revised Discussion Draft released

Tax Controversy & Dispute Resolution ()

Approximately one year after publication of the first Discussion Draft on the Revision of Chapter VI of the OECD Guidelines on Intangibles (Intangibles) (see also our PKN of June 6, 2012), the OECD released on 30 July 2013 its Revised Discussion Draft on the Transfer Pricing Aspects of Intangibles. This comes shortly after the release of the OECD’s Action Plan on Base Erosion and Profit Shifting (BEPS) on July 19 where work on intangibles is listed as one of the actions (Action 8). Interested parties are invited to comment on the Revised Discussion Draft by 1 October 2013.

The Revised Discussion Draft has been prepared on the basis of the numerous comments the OECD received on the prior Discussion Draft and contains several important changes.