Mandatory transfer pricing documentation

The French Parliament intends to strengthen the transfer pricing documentation requirements. The existing transfer pricing documentation rules provide that companies whose turnover or gross assets are equal to or higher than €400m (£340m) for a financial year, or that have a direct or indirect shareholder or subsidiary reaching the €400m threshold, must provide some documentation to the French tax authorities, if requested in the course of a tax audit.

The company has 30 days from the formal demand from the French tax authorities to disclose it. Failure to do so could lead to a €10,000 fine for each audited year (or, depending on the seriousness of the violations, a fine of up to five per cent of the profits transferred). The new measure provides that the above-mentioned entities established in France will be required to automatically disclose certain elements of their transfer pricing documentation…

If you are registered and logged in to the site, click on the link below to read the rest of the Taylor Wessing briefing. If not, please register or sign in with your details below. 

Briefings from Taylor Wessing

  • Drag along or bring along

    Taylor Wessing’s Simon Walker explains the terms ‘drag along’ and ‘bring along’.

  • Voting rights

    Venture capital investors will have certain consent and voting rights that attach to their class of shares.

View more briefings from Taylor Wessing

Analysis from The Lawyer

  • singapore orchid

    Singapore: Cash course

    The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world

  • Money 317

    Crunch boom

    Financial disputes are starting to dominate the English courts as the long-awaited fallout from the downturn finally comes to town

View more analysis from The Lawyer


5 New Street Square

Turnover (£m): 228.00
No. of Lawyers: 860
No. of Lawyers (Asia Pacific): 79
Offices (Asia Pacific): 3