The OECD and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) are consulting on a draft toolkit which aims to help developing countries address base erosion and profit shifting risks when pricing minerals – a particular threat to government revenues and sustainable development. The toolkit, Determining the Price of Minerals: A transfer pricing framework for Lithium, brings together the IGF’s experience in the mining sector with the OECD’s international tax expertise.
The toolkit targets BEPS risks related to cross-border mineral transactions among related parties and provides practical guidance for developing countries to accurately delineate transactions, and price mineral sales on an arm’s-length basis applicable to lithium exports. The consultation closes on 2 February 2024.
The IGF and OECD have also published a transfer pricing framework for determining the price of minerals.
The OECD and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) are consulting on a draft toolkit which aims to help developing countries address base erosion and profit shifting risks when pricing minerals – a particular threat to government revenues and sustainable development. The toolkit, Determining the Price of Minerals: A transfer pricing framework for Lithium, brings together the IGF’s experience in the mining sector with the OECD’s international tax expertise.
The toolkit targets BEPS risks related to cross-border mineral transactions among related parties and provides practical guidance for developing countries to accurately delineate transactions, and price mineral sales on an arm’s-length basis applicable to lithium exports. The consultation closes on 2 February 2024.
The IGF and OECD have also published a transfer pricing framework for determining the price of minerals.
