A term often used in transfer pricing lingo is “contemporaneous transfer pricing documentation.” The meaning of this term is not always clear for everyone. In this short article we explain what it means.
Companies often spend a lot of time and money to analyze and document their transfer pricing arrangements. But proper implementation is equally important.
A transfer pricing policy ensures that everyone within the firm is “on the same page.” Moreover, it demonstrates that transfer pricing has been considered and implemented correctly, creating a record for internal and external stakeholders.
In this short article, we discuss what a transfer pricing policy is, why you should create one, and how to prepare one. [Read more…]
In this short article, we explain what a Country-by-Country report is, and when you need to create one. We also give an overview of what needs to be included.
In this short article, we explain what the Master File is and when you need to create one. We also give an overview of the items that need to be included.
In this short article, we explain what the Local File is and when you need to create one. We also give an overview of the items that need to be included in the Local File.
Please note that the Local File is just one part of the documentation requirements that apply to MNEs. You can read more in our general article on transfer pricing documentation.