Compliance and Documentation

Compliance and Documentation

Although the transfer pricing guidelines developed by OECD form the cornerstone of local legislative requirements in many countries,companies...

transfer pricing guidelines developed by OECD form the cornerstone of local legislative

Although the transfer pricing guidelines developed by OECD form the cornerstone of local legislative requirements in many countries, companies must comply with the variants of local legislation in the countries in which they operate. Local tax authorities are increasing their efforts to examine transfer pricing issues more closely and to strengthen requirements through local legislation, including documentation requirements. 

How KPMG can help

On 16 September 2014, the OECD released its first set of recommendations for the Base Erosion and Profit Shifting (“BEPS”) project. The seven topics addressed by the OECD specifically include guidance on transfer pricing documentation and the country-by-country reporting (Action 13 of BEPS action plan). The aim of this guidance is to improve transparency for tax administrations and to increase certainty and predictability for taxpayers. More information in this respect can be found on the BEPS Homepage

This places a substantial compliance burden on multinationals and increases the risks of penalties and costly transfer pricing inquiries. Companies need to be sure they comply with local tax requirements and that they have a system in place to ensure future compliance.

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. Our aim is to advise your company on policies and procedures that both meet your business and tax requirements and help reduce administrative costs.

More specifically, KPMG can assist you to: 

  • Draw fully compliant transfer pricing documentation report at a global or local level
  • Prepare benchmarking analyses to support the arm’s-length character of remuneration paid and received in the context of your intra-group transactions

Why KPMG?

Our GTPS professionals are familiar with the approaches local tax authorities typically use in reviewing transfer pricing documentation. We leverage this knowledge when working with you to determine the right approach for your circumstances and your perception of the risks involved. 

KPMG is a global network of professional firms with transfer pricing professionals in Europe, Americas and Asia-Pacific. Thanks to its global network and its centralized approach, KPMG will provide you with high-value services and advices to optimize and to make your transfer pricing process more efficient.

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