OECD COVID-19 TPG paragraph 97

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Category: OECD Transfer Pricing Guidelines (2017) | Tag: , , ,
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Revision would be the appropriate response where there has been a material change in conditions noted in a critical assumption in the APA and the tax administration and the taxpayer agree on how to revise the APA.51 The revision of an existing APA would have the effect of changing the previously agreed terms of an APA. Under this approach, it is likely that the original terms of the APA would remain in force for the period up to FY2020, with revised terms applying for FY2020 and any subsequent year(s) subject to the economic circumstances derived from the COVID-19 pandemic.

51 Paragraphs 83 and 85 of Annex II to Chapter IV of the OECD TPG.

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