Register to receive Taxand’s latest opinion on topical tax news
News › Weekly Alert Article
Transfer pricing rules changed
Taxand Greece highlights changes to the rules which apply to transfer pricing documentation.
The new legal framework is influenced by international developments in the field of transfer pricing, including the OECD Report on Transfer Pricing Documentation and country‐by‐country reportng published upon completion of Action 13 of the OECD/G20 Base Erosion and Profit Shifting Project.
These changes to documentation include:
- Information about the group, provided in the first part of the transfer pricing file, should contain information on (i) the group’s intercompany financial activities, (ii) changes in the ownership of intangibles across the group and (iii) the group’s tax position
- Special reference should be made to the documentation of transactions concerning intra‐group business restructurings and transfer of intangibles
- Enterprises should justify transfer pricing year‐end adjustments in the context otheir annual transfer pricing file
- Additional information should be provided in relation to intra‐group transactions performed between Greek enterprises and associated enterprises tax resident in non‐cooperative tax regimes; information includes the financial position of the associated enterprise
Quality tax advice, globally