Council conclusions on the EU Joint Transfer Pricing Forum

3205th ECO OMIC and FI A CIAL AFFAIRS Council meeting Brussels

Brussels, 6-12-2012 — /europawire.eu/ — The Council adopted the following conclusions:

“The Council:
– welcomes the Communication from the Commission of 19 September 2012 on the work of the EU Joint Transfer Pricing Forum in the period July 2010 to June 2012 and related proposals 1. Report on Small and Medium Enterprises and Transfer Pricing and 2. Report on Cost Contribution Arrangements on Services not creating Intangible Property (IP);
– recognises the importance of improving the transfer pricing environment in which SMEs operate within the EU, welcomes the Report on Small and Medium Enterprises and Transfer Pricing and invites Member States to implement its recommendations;
– welcomes the Report on Cost Contribution Arrangements on Services not creating IP and looks forward to the implementation of the recommendations included therein by Member States. Together with the existing JTPF Guidelines on low value adding intra-group services, they should contribute to reducing tax disputes related to intra-group services within the EU and help improve the functioning of the internal market;
– continues to regard the EU Joint Transfer Pricing Forum as a valuable resource in addressing transfer pricing issues and providing pragmatic solutions to a variety of such issues, recognising the work of the OECD.”

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