Legislative proposals being considered in France would require the automatic filing of transfer pricing documentation and, as part of this documentation, country-by-country reporting.
The Finance Committee of the French National Assembly has started its consideration of tax provisions relating to the second part of the Finance Bill for 2016. One provision (Amendment II-CF362) proposes the following transfer pricing changes:
As proposed, these measures would have an effective date of 1 January 2017.
For more information, contact a tax professional with the Global Transfer Pricing Services group (FIDAL*) in Paris:
Kate Noakes | + 33 1 55 68 16 57 | firstname.lastname@example.org
* FIDAL is an independent legal entity that is separate from KPMG International and its member firms.