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13.4.1. Main Rules

Transfer pricing ('TP') rules were introduced in the Income Tax Act of Greenland in 2007. It provides basic rules related to transactions between affiliated entities which must be determined on an arm's-length basis and the related documentation requirements.

Definition of Related Parties

For transfer pricing purposes, companies / parties are considered to be related if one party holds or controls 50% or more of the shares or voting rights in the other party.

Applicable TP Methods


Use and Availability of Comparable