Tax Alert

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Tax Alert - OECD Financial Transactions Paper

On 11th February 2020, the Organisation for Economic Cooperation and Development ("OECD") released the Financial Transactions Paper, which is the outcome of Action 4 and 8-10 of the 2015 BEPS project. The  paper will form Chapter X of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (the OECD TP Guidelines).

The paper contains considerations for the arm's length pricing of intercompany financial transactions such as loans, guarantees, cash pooling and captive insurance. The Uganda Revenue Authority places  emphasis on compliance with the OECD TP Guidelines and regularly applies them to transfer pricing disputes in Uganda.  

Therefore, taxpayers need to assess their intercompany financial transactions in accordance with the new guidance.

For more information regarding the Financial Transactions Paper, download the full publication below.

 

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Tax Alert - OECD Financial Transactions Paper

On 11th February 2020, the Organisation for Economic Cooperation and Development ("OECD") released the Financial Transactions Paper.


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Richard Marshall

Associate Director, PwC Uganda

Tel: +256 (0) 312 354 400

Doreen Mugisha

Manager, PwC Uganda

Tel: +256 (0) 312 354 400

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