OECD approved, on 16 May 2013, the revised Transfer Pricing Guidelines regarding safe harbours.

The new rules replace Section E on safe harbours in Chapter IV of the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, published in July 2010.

The new recommendations for the implementation of safe harbours are meant to lower both the costs of compliance for small taxpayers and/or less complex transactions, as well as the costs incurred by tax administration for auditing such transactions.