J P Chawla & Co. LLP

Impact of COVID-19 on Transfer Pricing 

The COVID-19 pandemic has wreaked havoc on international trade and supply chains, prompting a profound disruption in the value chain dynamics. Amidst these shifts, it becomes imperative for multinational enterprises (MNEs) to reassess their business strategies to ensure economic justifiability in their value chains. The altered landscape demands that the value created by each entity involved in the transaction aligns with economic principles, especially in related party transactions, to maintain fairness and adherence to arm’s length principles.

To assist in navigating these challenges, we offer our “Impact of COVID-19 on Transfer Pricing” booklet for download. This resource aims to provide essential insights into the pandemic’s repercussions on various industries, guidance issued by the Organisation for Economic Co-operation and Development (OECD) concerning transfer pricing challenges, and expectations for taxpayers. By delving into these topics, stakeholders can gain a better understanding of the evolving transfer pricing landscape and make informed decisions to adapt to the changing circumstances brought about by the global health crisis.

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