The Transfer Pricing regulations govern transactions between associated undertakings and require all transactions between such undertakings to be concluded at an Arm’s length price. Transfer Pricing regulations are contained in two Gazette Notifications covering various pricing methodologies, criteria for identifying Associated Undertakings, Documentation requirements, Advanced Pricing Arrangements, Director’s Disclosures.
Our people have put together a step by step approach for your company to deal with implementing and complying with Transfer Pricing regulations. Our methodologies will mainly address the following aspects in Transfer pricing.
- Identifying “Associated Undertakings” and the “Arm’s length price”
- Preparing documentation
- Preparing transfer pricing policy statement
- Reporting requirements
We have a multi-disciplinary team which will be able to identify and address any tax pitfalls and opportunities to meet your commercial and operational needs. We are not restricted by a product-driven or formula driven approach. We provide bespoke advise which suits your business
Our experience is that an unprepared taxpayer is in danger of letting the tax authority dictate the terms and could lead to an unfavorable tax adjustment. We will assist the client with enquiries from tax authorities.
We pride ourselves on being accessible to our clients, responsive to their needs, and being transparent in dealing with them. BDO contributes to a range of forums and consultations on transfer pricing to ensure that it is in the forefront of the industry and is able to shape the consensus view of the direction it should take and what forms good practice.
BDO is the fifth largest accountancy network in the world providing global reach and strength in depth. Being part of one of the largest accounting networks in the world, we have access to a large knowledge base which we can draw from to tell you what the deal breakers might be. The services we provide include;
- Operating structure review and functional analyses
- Transfer pricing documentation and planning