List with low tax jurisdictions for transfer pricing purposes – approved

On 25 December 2013, the Government approved a list of low tax jurisdictions for transfer pricing purposes.
Cyprus, Ireland, Liechtenstein, Luxembourg, Malta, Singapore, Switzerland and United Arab Emirates are included in the list. The list also includes classical offshore jurisdictions, such as Belize, British Virgin Islands, Cayman Islands and Seychelles.
Note: Transactions with residents of the low tax jurisdictions are treated as controlled transactions for transfer pricing purposes, provi…