Switzerland “on-time” with OECD MAP timelines

A Swiss government report on its Mutual Agreement Procedure (MAP) and advance pricing agreement (APA) statistics indicate they comply with the OECD’s 24-month target for average MAP case resolution times in 2019.

A December 22nd report indicate compliance with the standards set by the OECD’s Action 14 Base Erosion and Profit-Shifting (BEPS. 

The Action 14 deals with Mutual Agreement Procedures (MAP) and other forms of dispute resolution for double taxation cases.

According to the government report, Switzerland believes Action 14 important to its cross-border businesses and foreign investors. 

The OECD’s country’s specific statistics indicates that:

·      Almost 93% of transfer pricing cases resulted in full relief from double taxation;

·      An additional 2 percent resulted in partial relief;

·      61% relates to transfer pricing MAP cases;

·      The majority of APA involves European treaty partners;

·      Asian treaty partners made up the second-largest category for transfer pricing MAP cases and APAs

Font: 2020 TNTI 247-5

Switzerland “on-time” with OECD MAP timelines