Benchmarking is of paramount importance to any transfer pricing analysis as economic references are critical justifying the income allocation within a group or for a specific intercompany transaction.
- Minimizing risks of transfer pricing
- Industry analysis
- Company analysis
- Identify the areas of gap
Practical knowledge is of paramount importance in any transfer pricing exercise.One cannot perform transfer pricing analyses in current environment if it lacks experience in at least couple of similar projects.
The disclosure by a company, either publically or in confidence to governments, of tax figures and, potentially, other financial data on a country-by-country basis
The objective of performing a transfer pricing risk assessment is to determine transfer pricing exposures without preparing a full transfer pricing file.
Transfer pricing systems refer to the policies and procedures a company may put in place before the transaction happens in order to set the terms and conditions under which transactions between related parties are concluded.