Lithuania: Updated transfer pricing documentation requirements

Lithuania: The local tax authority has updated transfer pricing documentation requirements - the updates largely come into effect from 1 January 2021. Low value-add intra-group services The tax authority has adopted a number of simplification measures, one of which relates to the provision of low-value intra-group services. Where a cost plus 5% pricing policy is [...]

By |2020-11-07T13:40:59+00:00November 7th, 2020|Europe, Intangibles, Safe harbors, TP Methods|0 Comments

EUJTPF Issues Report on the Application of the Profit Split Method in the EU

The EUJTPF recently issued a report in which it hoped to clarify key concepts under which the profit split method may be used and on what basis to split the relevant profits. The EU Joint Transfer Pricing Forum, is an entity that assists and advises the European Commission on transfer pricing tax matters.  Source: EUJTPF Report [...]

By |2019-04-30T07:59:18+00:00April 30th, 2019|Europe, Intangibles, TP Methods|0 Comments