The Organization for Economic Co-operation and Development (OECD), together with the Inter-American Center of Tax Administrations (CIAT) and other international organizations, held the “Advanced Virtual Workshop on Transfer Pricing for Caribbean Tax Officials” on April 29 and 30, 2026, an event that brought together more than 200 representatives from tax administrations and government entities in the region.
The meeting was part of the regional Caribbean Tax Outreach Programme, an initiative aimed at strengthening tax cooperation and the technical development of tax administrations in the Caribbean and Latin America in the face of new challenges in international tax enforcement.
Why was this event important?
The workshop’s significance lies in the fact that it demonstrates a progressive strengthening of the technical capabilities of the region’s tax administrations in the areas of Transfer Pricing and international taxation.
During the event, specialists from the OECD, CIAT, IMF/CARTAC, and the World Bank addressed topics related to:
- Transfer Pricing methodologies
- Intragroup services
- Auditing of international operations
- Analysis of economic activities with related parties
Additionally, specific challenges in strategic sectors for the Caribbean and Latin America were analyzed, such as:
- Tourism
- Distribution
- Cross-border services
- Multinational operations
Greater alignment with OECD standards
One of the main messages of the workshop was the need to continue aligning regional tax systems with the OECD Transfer Pricing Guidelines and with the international standards derived from the BEPS project.
The OECD highlighted that these regional programs aim to:
- Improve tax transparency
- Strengthen the exchange of information
- Increase international cooperation
- Optimize the audit capacity of tax administrations
In parallel, several Caribbean countries are evaluating or implementing Transfer Pricing regimes aligned with international standards, especially in light of the growth of multinational operations and the risks of tax base erosion.
An increasingly technical audit environment
The workshop also reflects a clear trend in the region: tax administrations are increasing their level of specialization and cooperation to strengthen controls over intercompany transactions.
According to the OECD and CIAT, the objective of these forums is to develop capabilities that enable countries to:
- Identify tax risks
- Improve audit processes
- Resolve tax disputes
- Address increasingly complex international operations
In addition, representatives from various countries shared practical experiences related to audits, disputes, and challenges in implementing Transfer Pricing rules, reinforcing the regional exchange of technical knowledge.
Impact on multinational companies
The implementation of such initiatives confirms that Latin America and the Caribbean continue to move toward more sophisticated and internationally coordinated tax enforcement frameworks.
In this context, companies with international operations should pay special attention to:
- Transfer Pricing documentation
- The economic substance of their operations
- Intra-group services
- The consistency of their regional tax policies
The technical strengthening of tax administrations increases the likelihood of more detailed reviews and specialized audits of cross-border operations.
At TPC Group, we have transfer pricing specialists ready to advise multinational companies on technical documentation, economic analysis, and international tax compliance aligned with OECD standards.
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