The EU Joint Transfer Pricing Forum (JTPF) has finalized a report titled A Coordinated Approach to Transfer Pricing Controls Within the EU. This report consists of a proposed framework and guidelines for coordinating transfer pricing controls within EU member states. It is likely to prove influential in shaping future EU transfer pricing policy.
On April 26, 2017, the lower house of the Dutch parliament adopted a bill implementing EU directive 2016/881
The Cyprus tax authority announced that the previously agreed minimum profit margins on back-to-back intragroup financing will cease to apply from July 1, 2017.