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The Luxembourg Government announces a new transfer pricing regime applying the arm’s length principle and introducing transfer pricing documentation requirements
As indicated in last year’s coalition programme, the 2015 tax budget, which the Luxembourg Government presented on 15 October 2014, includes provisions that further formalise legislation on transfer pricing. The draft law clearly restates the arm’s length principle, confirms that further legislation is to be introduced through a subsidiary Grand-Ducal Regulation, and makes more explicit the need for transfer pricing documentation.
The long arm of the law
Transfer pricing, which can be an important factor in determining the allocation of profits...
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