• Service: Tax, Global Transfer Pricing Services, International Tax
  • Type: Regulatory update
  • Date: 9/17/2013

France - Transfer pricing for transactions involving “black list” jurisdictions 

September 17:  The French Ministry of Finance in August 2013 added Bermuda, Jersey, and the British Virgin Islands to the “black list” of countries identified as non-cooperative states and territories—i.e., jurisdictions not satisfying the exchange of tax information standards—and removed the Philippines.

With these changes, the countries currently on France’s updated “black list” are: Bermuda, Botswana, the British Virgin Islands, Brunei, Guatemala, Jersey, the Marshall Islands, Montserrat, Nauru, and Niue.

Transactions involving entities located in these “black list” jurisdictions are subject to additional transfer pricing documentation requirements in France.

French entities that enter into transactions with related-party companies located in one of these jurisdictions will need to provide certain information to the French tax administration during a tax audit.

Read TaxNewsFlash-Europe: France - Updated “black list” of non-cooperative countries

For more information, contact a tax professional with Fidal Internationale* in Paris:

Pascal Luquet

+ 33 1 55 68 15 22

Kate Noakes

+ 33 1 55 68 16 57

Olivier Kiet

+33 1 55 68 16 15

Xavier Sotillos Jaime

+ 33 (0) 155 681 465

*Fidal Direction Internationale is a French law firm that is independent from KPMG and its member firms.

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