Annual transfer pricing disclosures are increasing around the world. Summaries of recent legislation requiring annual transfer pricing information for France and Serbia, summarized by KPMG, are provided for reference. The annual transfer pricing disclosures for France reflect a summary of information from the transfer pricing documentation report to be provided upon request in an audit, whereas Serbia’s transfer pricing “Rule Book” forms a link to the OECD Guidelines.
Best Practices include a methodology to capture such disclosures contemporaneously to provide time for planning and execution. Additionally, the country Business Unit, relevant tax team members and advisors should be aligned with such legislation in advance of the respective due dates.