[INTM412080] INTM412080 – Transfer pricing: legislation: rules: exemptions: SME definition
The definition of small and medium enterprises
The European Commission published a revised recommendation on 6 May 2003 concerning the definition of micro, small and medium sized enterprises (2003/361/EC). This and a related User Guide are available (as at November 2016) on the EU website
The definition applies to any entity engaged in an economic activity, irrespective of its legal form and includes entities subject to income tax as well as corporation tax.