European Commission adopts final report of the EU Joint Transfer Pricing Forum on cost contribution arrangements on services not creating Intangible Property

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In its Communication of 19 September 2012, the European Commission has formally adopted the EU Joint Transfer Pricing Forum’s (“JTPF” or “Forum”) final report on “Cost Contribution Arrangements on Services not creating Intangible Property (“IP”)” (please see COM(2012) 516 final). The Communication also includes a separate JTPF report on Small and Medium Enterprises (“SMEs”) and transfer pricing, which outlines a number of recommendations to the various EU governments on the development of a uniform (simplified) approach towards transfer pricing requirements and compliance for SMEs in the European Union (“EU”).