The European Parliament has adopted its opinion on the Transfer Pricing directive, with 438 votes in favour, 99 against and 63 abstentions. MEPs opted for any future amendments to the directive to be made by means of delegated acts, in particular to limit the risk of double non-taxation (see EUROPE 13356/15).
MEPs want the European Commission to be empowered to propose new implementing rules on the matter, rather than the EU Council. “We managed to find a broad agreement to make the Transfer Pricing directive more democratic, future-proof and a stronger tool to limit transfer pricing abuses in the EU”, commented the rapporteur, Kira Peter-Hansen (Greens/EFA, Denmark), in a press release.
The amendments adopted by the European Parliament aim to shorten the time frame for the directive’s entry into force from 2026 to 2025, re-establish the EU Joint Transfer Pricing Forum and align as closely as possible with the latest OECD Transfer Pricing Guidelines. “The role of academia, business representatives and civil society will be strengthened through our proposal to re-instate the Joint Transfer Pricing Forum”, emphasised Ms Peter-Hansen.
The European Parliament also recognises that the UN guidelines could be included at a later date. Parliament’s opinion now passes to the EU Council for consideration. It will then be up to the Member States to adopt the definitive act (see EUROPE 13336/15).
Read the resolution: https://aeur.eu/f/bpv (Original version in French by Anne Damiani)