We provide assistance in the identifying, prioritizing and managing of transfer pricing risks.
We assist in the identifying, prioritizing and managing of transfer pricing risks.
Transfer pricing is probably the less exact area of taxation, the underlying legislation is composed in such an extremely general way that it enables a quite subjective judgement of the Tax Authority. Accordingly – due to lack of detailed regulation –tax audit and practical experience become more valuable. The high degree of subjectivity may trigger significant risks if the intercompany prices are not substantiated sufficiently. Consequently, the tax liability might significantly change, the handling of what requires a lot of time and effort, moreover, in worst case it might entail a significant penalty and an increased level of tax liability.
The Transfer Pricing Services Group of KPMG in Hungary primarily provides assistance in the identifying, prioritising and managing of transfer pricing risks. Our group of 20 stuff provides broad range of services to its customers covering numerous industries.
The transfer pricing group’s main activities are as follows:
We undertake the review of existing or the preparation of transfer pricing documentation.