Germany Aims to Extend Transfer Pricing Documentation Reporting

Germany is looking to extend a deadline for taxpayers to provide detailed transfer pricing documentation and modify how companies would compile information to submit for audits.

The proposal would modify recently introduced requirements to provide transfer pricing documentation within 30 days, to give taxpayers more time to submit detailed documents.

• Germany’s first chamber approved the bill on Sept. 26, in which the Justice Committee recommended changing transfer pricing documentation requirements to ease the bureaucratic burden for taxpayers.
• The bill would add a “transaction matrix” that would be defined in an amendment to another transfer pricing bill that details ...