Major tax reform – 2010 (direct tax): Countries and territories with preferential tax regimes or tax havens 2010

As from 2010, taxpayers carrying out domestic and cross-border transactions with (i) related entities or (ii) individuals or entities constituted or located in tax havens or territories with preferential tax regimes (low or non-tax regimes) must determine the price or value of those transactions considering the market price agreed in similar transactions (price of goods transferred and/or services provided) by independent parties. The tax administration may adjust the price or va…