Luxembourg provides details on new draft transfer pricing provisions

26 April 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, Transfer Pricing|Luxembourg

Draft legislation introduced in Luxembourg would modernize certain tax procedure rules pertaining to transfer pricing documentation and advance pricing arrangements (APAs).
International standards require multinational enterprises to provide high-level information regarding their global business operations and transfer pricing policies in a master file and detailed transactional transfer pricing documentation in a local file.
Requests for bilateral or multilateral APAs will have to include certain…

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