guidelines makes it critical for taxpayers in Nigeria to reassess their transfer pricing practices, to ensure full compliance with best practice and the Nigerian laws. The OECD has released the 2017 edition of its Transfer Pricing Guidelines As the 2017 OECD Transfer Pricing Guidelines is a live document, which is continuously updated, I will substitute existing the 2017 OECD Transfer Pricing Guidelines chapters and paragraphs with draft and final material published after 2017. The Malaysian Transfer Pricing Guidelines explain the provision of Section 140A in the Income Tax Act 1967 and the Transfer Pricing Rules 2012. It governs the standard and rules based on the arm's length principle to be applied on transactions between associated persons. OECD transfer pricing guidelines (July 2017) New Zealand's transfer pricing rules are to be applied consistently with the OECD's Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (July 2017). On 10 July 2017, the Organisation for Economic Co-operation and Development (OECD) released the 2017 edition of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (OECD TPG) in English and French. The 2017 edition of the OECD TPG (2017 edition) mainly reflects a consolidation of the changes resulting from The EY Worldwide Transfer Pricing Reference Guide 2017-2018 is a tool designed to help international tax executives quickly identify transfer pricing rules, practices and approaches. These must be understood for a company to carry out both transfer pricing compliance and planning activities in the base erosion and profit shifting (BEPS) era. This 2017 edition of the OECD Transfer Pricing Guidelines incorporates the substantial revisions made in 2016 to reflect the clarifications and revisions agreed in the 2015 BEPS Reports on Actions 8-10 Aligning Transfer pricing Outcomes with Value Creation and on Action 13 Transfer Pricing Documentation and Countr