Transfer Pricing Documentation & Compliance

​Our transfer pricing compliance and documentation services ensure your business meets regulatory requirements while minimizing tax risks.

 

We provide thorough analysis, detailed reports, and comprehensive documentation tailored to your needs.

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For more information on how we can assist with your transfer pricing documentation and compliance needs, please refer to the services detailed below.

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Master File & Local File Preparation

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• Global Overview & Strategic Framework:   We begin by developing a detailed Master File that serves as the cornerstone of your transfer pricing documentation. This file provides an in depth description of your multinational group’s corporate structure, overall business strategy, global operations, and transfer pricing policies. It explains the economic rationale behind intragroup transactions and describes how profits and risks are allocated among different entities.

• Detailed, Transaction Specific Information:  In parallel, our Local File preparation process focuses on the specific operations of each local entity. We capture granular details of individual transactions, including a thorough functional analysis, risk assessment, and description of the assets used. Our documentation explains the selection of transfer pricing methods and includes supporting financial data, calculations, and adjustments.

• Regulatory and Best Practice Alignment:     All documentation is meticulously crafted to meet local regulatory requirements (e.g., those set by HMRC, Revenue Commissioners, or other regional authorities) and is fully aligned with OECD guidelines. We ensure that your documentation remains current, accurate, and audit ready by incorporating any changes in legislation or business strategy.

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Country by Country (CbC) Reporting

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• Comprehensive Data Collection:
  For multinational groups that fall within the prescribed revenue thresholds, we assist in preparing Country by Country reports that provide a detailed breakdown of your global operations. This includes key financial and tax data for each jurisdiction where you operate.

• Transparent Cross Border Disclosure:
  Our CbC reporting services ensure that your global operations are transparent to tax authorities. We help you aggregate and reconcile data from disparate systems, ensuring consistency and accuracy in your reporting.

• Integration with Global Tax Strategy:
  The insights gained from CbC reports are used to finetune your overall transfer pricing strategy. By highlighting regional differences and potential risks, we enable you to proactively manage your tax exposure across jurisdictions.

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Ongoing Compliance Monitoring & Audit Readiness

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• Regular Internal Reviews & Gap Analysis:
  Our team conducts periodic reviews and gap analyses of your transfer pricing documentation and policies. We identify any inconsistencies or areas for improvement and update your documentation to reflect current business operations and regulatory changes.

• Audit Support and Preparation:
  We work closely with your internal audit and finance teams to prepare for tax examinations. This includes developing audit readiness checklists, conducting mock audits, and providing training to key personnel on how to respond to tax authority inquiries.

• Digital Documentation & Record Management:
  Utilizing document management systems, we ensure that your transfer pricing records are securely stored, easily accessible, and maintained in compliance with record retention regulations.