The reality of today is that Transfer Pricing intersects increasingly with business, finance, systems and Indirect Taxes. At the same time, governments around the globe demand more transparency and information from multinational companies, increasing the risk of controversy. With all of this going on, companies are not only faced with an increased risk of double taxation, but also a significant increase in Transfer Pricing compliance.
We appreciate that you do not want your profits to be taxed twice, or even more. Or your tax team to waste resources on time-consuming, recurring, mundane compliance tasks, distracting them from the most crucial role they have: bridging the strategic and operational questions from business and finance to a Transfer Pricing and/or tax regulatory context.
Align business and tax models: Design a TP model with practical guidance for businesspeople to understand how to comply with a consistent Transfer Pricing profile, while respecting the everyday business reality.
Explain restructuring and get it to stick: Perform business restructuring analysis and provide the business with rational, realistic options, Transfer Pricing structuring techniques, and exit valuations, as well as implementing financial reporting and compliance processes.
Dialogue with tax authorities: Support your dialogue with tax authorities for (B)APAs, innovationbox rulings and Transfer Pricing audits.
Reliable financial reporting: Design and implement workflows between finance and tax departments, (re)design ERP retrieval files and spreadsheets to monitor profitability, and create TP dashboards.
TP documentation: Design and prepare Transfer Pricing documentation and digitize documentation and workflow where necessary.
We understand the drivers and architecture of business models, as well as how they translate to Transfer Pricing models. We have in-depth experience embedding these Transfer Pricing models in a company’s governance, processes and technology. Our team of senior TP professionals not only has extensive industry and Big Four Transfer Pricing/tax experience, but also experience on how to use current technological capability to make Transfer Pricing compliance easier.
Real economic activity drives profit allocation, and therefore taxation. This means a group must have a clear script on how the Target Operating Model (TOM) aligns with the Transfer Pricing Policy (TPP) and Transactional Model (TM).
TP reporting requires system and manual activities to set and adjust product prices, monitor statutory profitability of operational reporting units, and perform Transfer Pricing adjustments when required.
Most countries require a write up of the TOM, TPP and TM, as well as third-party benchmarking to substantiate the intercompany pricing. The proposed OECD Master and Local File approach provides the opportunity to standardize across countries.
We are a full-service Transfer Pricing consultancy, and welcome your most challenging Transfer Pricing, IT, supply chain and compliance questions. We listen well and speak freely, and have the flexibility and tools to prove our solutions.
We leverage without bias on the technology available in the market, we further refine existing solutions, or we create our own like our Transfer Pricing document management tool: TPThings. Through our products and those of our business partners, we embrace the future of tax technology.
Sometimes the dialogue has to be sharpened within a company to bridge business and finance on what is needed to adhere to a consistent TP model. We offer workshops and trainings to facilitate the discussion, share best practices and update on technical developments.
We offer in-house TP accounting support when your own resources get “strained” by the amount of work during your recurring financial reporting cycle. We provide the necessary support with your annual TP documentation updates keeping the timing of your filing requirements in mind.
Your TP documentation management solution
Using the latest tools and infrastructure available, TPThings has built its own SaaS solution: a modular setup providing a turn-key solution built from individual components, with a database that can be securely hosted by us, or in your own datacenter. The software is aimed at the following:
Contact us today to see a demonstration of the tool, have a conversation about your vendor selection process, or simply talk about TPThings' functionalities!