On 24 September, the European Commission published the EU Joint Transfer Pricing Forum (JTPF) Program of Work 2015-2019. The general areas of future work identified include:

• Providing tools for the practical application of TP rules tailored to the EU;
• Ensuring efficient TP administration in the EU; and
• Positioning the EU globally towards third countries.

Specific areas of work to be undertaken include:

• Evaluation of the increasing importance of economic analysis in TP;
• Evaluation of the interaction between transfer pricing and companies’ internal information systems and tools;
• Improving communication on JTPF's work with the public;
• Evaluation of the use of comparables in the EU;
• Practical application of the transactional profit split method (PSM) in the EU;
• Evaluation of economic valuation methods used in the EU;
• Monitoring and determining whether further work is needed on guidance for cost contribution agreements for services not creating intellectual property;
• Evaluation of the new country-by-country reporting requirements developed as part of Action 13 of the OECD BEPS Project, including work on:
  • How to effectively and efficiently track, collect and reconcile the information to be filled out in the report, and
  • How tax administrations can make best use of the information;
• Evaluation of how to enable tax administrations to effectively determine which cases and transactions are worth reviewing with the new master file and local file approach developed under Action 13, including the possible development of new IT tools to assist both tax administration and taxpayers; and
• Other areas

Click the following link for the JTPF Program of Work 2015-2019.