Recently on 29th May 2013 a special meeting of the UN’s Economic and Social Council (ECOSOC) on the subject of “International cooperation in tax matters” was held at New York.
At this meeting the United Nations officially launched the e-version of the United Nations Practical Manual on Transfer Pricing for Developing Countries (“UN Manual”). The Manual aims to give guidance to developing countries on the current best practice in transfer pricing and contains examples of the approaches adopted in China, India and Brazil. The Manual may be downloaded as a PDF file from the UN website at http://www.un.org/esa/ffd/tax/ and is likely to be a valuable resource for countries with small, under-resourced tax administrations that need to collect the appropriate amount of tax from multinational enterprises operating on their territory.
