Transfer Pricing and The European Union
In the European Union transfer pricing developments are managed by:
This EU instrument works to eliminate double taxation in connection with the adjustment of profits of associated enterprises.
The JTPF was established by the European Commission in 2002 with the aim of reducing compliance costs and to avoid (or facilitate the
elimination of) double taxation that easily arises in the case of cross-border, inter-group transactions.
The works of EU Joint Transfer Pricing Forum has resulted in the Code of Conduct on transfer pricing documentation for associated
enterprises in the European Union (2006).
|JTPF has contributed numerous reports including:
- Report on the application of the profit split method within the EU (March 2019)
- Report on a coordinated approach to transfer pricing controls within the EU (October 2018).
The Report on the Use Application of Economic Valuation Techniques in Transfer Pricing (September 2017) Report on the Use of
Comparables in the EU (March 2017)
- Study on Comparable Data Used for Transfer Pricing in the EU (December 2016)
Study on the Application of Economic Valuation Techniques for Determining Transfer Prices of Cross Border Transactions between Members
of Multinational Enterprise Groups in the EU (December 2016).