European Commission Released Communication on Work and Proposals of EU Transfer Pricing Forum

European Commission Released Communication on Work and Proposals of EU Transfer Pricing Forum

The European Commission has published a Communication on the work of the European Union Joint Transfer Pricing Forum (JTPF) covering the period from July 2010 to June 2012.

The report states that during the above period, the JTPF has six sessions and prepared two detailed reports on transfer pricing in small and medium enterprises, and on cost contribution arrangements between two or more associated enterprises on services that do not create intangible property.

The European Commission supports all conclusions and suggestions of both reports prepared by the JTPF and notes that these reports cover key issues indicated by the Commission when forming the JTPF. Implementation of those conclusions and suggestions will help to achieve a uniform application of transfer pricing rules in the EU countries.

The Commission recommends the European Council to approve both reports and urges member states to implement the recommendations included in the reports in their national legislation.

The full text of the Communication is available on the European Commission’s web-site

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