Transfer pricing

More and more fiscal authorities are developing their transfer pricing laws. Although the principles are common, interpretations differ from one tax authority to another. Compliance takes time and patience, and the demands and penalties from authorities are increasing. There is greater emphasis on examination and audit activity to encourage compliance. Ignoring the issue is not an option for any well-run business.

Tax specialists at Grant Thornton member firms offer the following:

• audit support - sophisticated economic arguments, research and databases can help organisations defend their transfer pricing policies before the tax authorities.
• documentation - specialists use their expert local knowledge to prepare country-specific documentation to satisfy local tax regulations.
• planning - the growth or restructuring of a company doing business internationally provides an opportunity to review transfer pricing and tax planning to minimise tax burdens.
• supply chain re-engineering - the critical analysis of an organisation's supply chain to gain operational efficiencies.