French revise transfer pricing documents rules
April 07, 2008
Government aims to align requirements with other European countries
France has issued an industry consultation document to revise its transfer pricing documentation rules. Its aim is to align its rules for transfer pricing documentation more closely with those in other European states, particularly Germany and Spain. Although the new rules are currently in draft form, the tax authority wants them to apply to tax years starting on January 1 2009. A finalised set of rules are expected in late 2008. Two categories of French companies would be covered by the rules. These are: French parents of international groups and French subsidiaries where 25% of the voting capital is owned by companies meeting one of three criteria.
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