TPG2022 Chapter V paragraph 5.49

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It is recommended that the master file and local file elements of the transfer pricing documentation standard be implemented in each jurisdiction through local legislation or administrative procedures and that the master file and local file be filed directly with the tax administrations in each relevant jurisdiction as required by those administrations. With regard to the local file and the master file, confidentiality and the consistent use of the standards contained in Annex I and Annex II to Chapter V of these Guidelines should be taken into account by jurisdictions when introducing these elements in local legislation or administrative procedures.