On 7 October 2026, the Luxembourg Transfer Pricing Association hosts its Transfer Pricing Congress at BGL BNP Paribas in Luxembourg. smartZebra will be attending.
The LTPA was founded in July 2024 and has become the reference point for the transfer pricing profession in the grand duchy. Its inaugural congress in October 2025 drew more than 300 participants from multinationals, funds, banks, tax authorities, academia and professional associations across eleven jurisdictions. The 2026 edition continues that programme of technical exchange and working group output.
We are joining to meet the practitioners who prepare, review and defend transfer pricing documentation, and to talk about the part of that work that depends on data.
Why we are attending
Transfer pricing documentation lives or dies on its comparables. A benchmarking study is only as defensible as the search strategy behind it, the rejection reasons recorded for each candidate, and the traceability of every financial figure back to a filed annual report.
Luxembourg makes this harder than average. Intragroup financing, holding structures, fund vehicles and cross-border services all need arm's length evidence, and the tax administration is looking at transfer pricing more closely than it used to. Preparation in advance is increasingly the difference between a smooth review and a long one.
smartZebra provides a Credit Rating Tool and data: Credit Spreads and Interest Rates, standardised financials for over 50,000 listed and 500,000 private companies, SIC and NACE classification, quantitative screens, and automatic calculation of the interquartile range and median, with a source link on every data point.
What we are bringing to the conversation
If you are at the congress, we would be glad to discuss:
- Credit ratings and cost of debt – synthetic ratings and peer benchmarking where no external rating exists
- Comparables screening – independence, loss-making years, R&D intensity, turnover thresholds and region filters
- Financial transactions under OECD Chapter X – credit spreads by rating and term, from 1 to 30 years, for intragroup loan pricing
- TNMM benchmarking studies – from search strategy to a documented arm's length range
- Profit Level Indicators – operating margin, net cost plus, Berry ratio, return on assets, ROCE and gross margin, tested side by side
- Local file and master file support – benchmark exports that drop straight into the documentation appendix
- APAs and audit defence – reproducing a study years later with the same inputs and the same result
What the LTPA is building
The LTPA's working groups have been producing substantive output on documentation frequency and on credit rating analysis across investment, real estate, aviation and other financing-heavy sectors. Those are exactly the areas where the gap between a plausible number and a defensible one is widest.
Congresses like this one are where that gap gets discussed openly, between the people who prepare the analysis and the people who review it. For a data provider, that is the most useful room to be in.
Everything you need to know
Let's connect in Luxembourg
If you are attending, reach out before the day or find us there. Whether you are refreshing a benchmarking set, pricing an intragroup loan, or preparing for a review, we are happy to go through how the data side of it works.
See smartZebra before the congress
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More on the modules: Transfer Pricing · Interest Rates · Cost of Capital · Multiples
