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France Updates SME Transfer Pricing Guidelines

|Approved Changes|France
France

On 22 November 2023, the French tax authority announced an updated Transfer Pricing Guide for SMEs. The guide covers the concept of transfer pricing, the concept of a group, the link between transfer pricing and taxation, the arm's length principle, compliance with the arm's length principle, transfer pricing controls, and advance pricing agreements. Some of the main updates concern transfer pricing documentation and compliance, including Master and Local file obligations, the obligation to…

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