On 16 and 17 March 2015, the OECD hosts the Fourth Annual Meeting of the Global Forum on Transfer Pricing in Paris. This meeting is part of a series of Global Forum Meetings dedicated to the Action Plan on Base Erosion and Profit Shifting (BEPS). The 4th Annual Meeting will focus on the BEPS work already undertaken and the deliverables to be finalised in 2015 relating to transfer pricing. The meeting is held back-to-back with a meeting on 18 March of the Task Force on Tax and Development.
During this meeting the experience of delegates and the practical impact of the current work on Transfer Pricing will take centre stage. Participants are invited to discuss the practical effect of the proposed revisions to Chapter I of the Transfer Pricing Guidelines together with the impact of the revised guidance on transfer pricing documentation, including country-by-country reporting. The meeting will also discuss the rules proposed in the Discussion Draft on interest deductibility, to highlight the interaction with other BEPS actions.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.