Press Release: Company taxation: Commission adopts Code of Conduct concerning transfer pricing

The European Commission on 10 November 2005 adopted a proposal for a Code of Conduct that would standardise the documentation that multinationals must provide to tax authorities on their pricing of cross-border intra-group transactions ('transfer pricing' documentation). The proposal, that had been developed on the basis of work in the EU Joint Transfer Pricing Forum (see IP/02/1105), would reduce significantly the tax complications that companies face when trading with associated enterprises in other Member States.

• Primary Source

European Commission: PreLex: COM(2005) 543, 10.11.05 http://ec.europa.eu/prelex/detail_dossier.cfm?CL=en&ReqId=0&DocType=COM&DocYear=2005&DocNum=0543

European Commission: Memo: MEMO/05/414, Code of Conduct on transfer pricing documentation in the EU - Frequently Asked Questions, 10.11.05 http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/05/414&format=HTML&aged=0&language=en&guiLanguage=en

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