The UN Committee of Experts on International Cooperation in Tax Matters (UN Committee), during recent meetings, released its revised and updated 2017 United Nations Practical Manual on Transfer Pricing for Developing Countries. Main items of the 2017 update included: additional chapters on services, intangibles; taking account of the OECD/G20 BEPS project; revised guidance on comparability analysis; revised guidance on documentation.
It is also understood that the Committee agreed to key changes to the United Nations Model Double Taxation Convention between Developed and Developing Countries (UN model tax treaty) for a 2017 update.
The Committee of Experts on International Cooperation in Tax Matters as a subsidiary body of the UN Economic and Social Council is responsible for keeping under review and update, as necessary, the United Nations Model Double Taxation Convention between Developed and Developing Countries and the Manual for the Negotiation of Bilateral Tax Treaties between Developed and Developing Countries.
[LTN 72, 19/4/17]