An overview of the transfer pricing documentation requirements and penalties in Europe, Asia Pacific and America
The OECD has long attempted to create a harmonized playing field for transfer pricing documentation, although countries have only recently started to apply a more consistent approach based on the recommendations provided.
This article identifies the different types of documentation requirements in the three macro-areas analyzed (i.e., Pan Europe, Asia-Pacific, and America) and it explains the thresholds used for the different taxpayers’ obligations. In addition, it provides an overview of the administrative penalties imposed.
If you have any questions, please don’t hesitate to get in touch with any member of Mazars’ transfer pricing team.
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