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Team compiles global transfer pricing documentation

Global Transfer Pricing Documentation

Streamline your global reporting process to maintain compliance and gain proactive planning insights.

Global Transfer Pricing Documentation

  1. Matt Damone

    Matt Damone

    J.D.

    Principal

  2. Justin Smith

    Justin Smith

    Principal

  3. Ryan Smith

    Ryan Smith

    Director

Are you wondering if there are blind spots in your global transfer pricing compliance strategy?

Global transfer pricing documentation preparation helps demonstrate that the implementation of existing transfer pricing policies produces arm’s length results, which is key in minimizing the related risks during tax audits. Having a globally organized and centrally managed approach to transfer pricing documentation enhances compliance, but also increases visibility into planning opportunities for your business.

What is global transfer pricing documentation – and why now?

Since the implementation of the Base Erosion and Profit Shifting (BEPS) initiatives by the Organization for Economic Cooperation and Development (OECD), transfer pricing documentation has transitioned from primarily a compliance matter to a fundamental “game changer” where data is used for risk mitigation and formulation of other business strategies.

Further, the BEPS framework aims to modernize tax rules, address the challenges of the digital economy and consolidate unilateral efforts to ensure multinational enterprises pay a fair share of tax wherever they operate.

As a result, multinational enterprises can get buried under the burden of requirements from the OECD, as well as various local country regulations related to transfer pricing. Failure to adhere to global transfer pricing documentation requirements, including master file and local file requirements, can lead to significant penalties for noncompliance and potentially limit taxpayers ability to resolve double taxation issues.

Benefits of a global transfer pricing documentation strategy

Compliance

Meets desire of OECD and various local countries to have consistent and transparent global reporting regarding multinational group transfer pricing policies

Consistency

A single global provider provides consistency in documentation quality and coordination

Global cost savings

Significant cost savings are achieved by streamlining an organization’s global documentation burden

Increased corporate visibility

Aligning documentation at the headquarter country increases corporate visibility on global transfer pricing policies and potential implementation issues

Proactive management and planning

This is particularly important when trying to drive global value chain alignment by coordinating business and tax planning imperatives

Avoiding penalties

Penalties in certain local countries are potentially significant, both for noncompliance, but also in relation to local assessments that can lead to double taxation

Our approach

Our team of transfer pricing specialists provides tailored and personalized assistance with global transfer pricing documentation, as well as analysis and review, in relation to your business’s global operations. Our globally consistent and regionally flexible approach to transfer pricing is practical and cost effective, all while allowing us to retain focus on robustness and identify planning opportunities.