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OECD releases Amount B tool and factsheets

The OECD has released a pricing tool and factsheets to facilitate the understanding and operation of the simplified and streamlined approach to transfer pricing.

The factsheets provide a high-level overview of the mechanics of Amount B including the steps taxpayers and tax administrations should take to apply Amount B. The Pricing Automation Tool has been developed to automatically compute the Amount B return for an in-scope party requiring only minimal data inputs. The tool will be updated annually says the OECD.

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