Our GTPS professionals can advise you on local legislative requirements and review your existing policies to help you determine whether they are compliant. We can help create a transfer pricing policy that complies with local legislation and is supported by a robust analysis.
Compliance has its price. Our aim is to advise your company on policies and procedures that both meet your business and tax requirements and help reduce administrative costs.
The scope of any transfer pricing inquiry by tax authorities will be influenced by a company’s ability to present contemporaneous documentation of the arm’s-length nature of its transfer prices and by the quality of such documentation. First impressions are critical if you are to limit the scope of an inquiry.
Many multinational companies have basic documentation available, such as pricing policies, product profitability, and market information. These alone, however, will not be sufficient in most cases to satisfy the local transfer pricing documentation requirements.
KPMG can assist you in complying with local documentation requirements and in establishing a credible line of defense. We can help you prepare such documentation or we can review existing documentation for completeness.