The action that Portugal has to take in the coming years to fix its economy mean there will be more scrutiny of transfer pricing from the tax authorities, believe Leendert Verschoor and Gonçalo Moreira of PwC Portugal. They recommend that taxpayers should review their transfer pricing policies now to prepare for this.
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year