France Tax Agency Issues Guidance on Transfer Pricing

The French General Directorate of Public Finance Nov. 22 posted online guidance on transfer pricing. Topics covered include: 1) the meaning and scope of transfer pricing; 2) compliance of transfer pricing with the arm’s length principle; 3) the price determination in accordance with the principle of full competition; 4) justification of transfer pricing policy and reporting obligations; 5) consequences of the absence of dialog with the administration; and 6) the prior agreement on transfer pricing to prevent international tax disputes and elimination of double taxation. [France, General Directorate of Public Finance, 11/22/23]

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