Transfer Pricing Asia

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What is a Tax Policy and When Do You Need One

These days, enterprises operate internal policies for nearly everything. Such policies formalize rules, practices and procedures in specific areas, ranging from Human Resources to Risk Management. A Tax Policy is similar.

By putting a Tax Policy in place, an enterprise clarifies rules, practices and procedures governing the enterprise’s tax matters. This ensures that all employees know what to do when it comes to tax matters and management knows what goes on within the enterprise. It ensures risks are minimized and tax laws are complied with.

In this short article, we explain what a Tax Policy is and when you need one. We also highlight what should be included in a Tax Policy and provide tips on how to start. [Read more…]

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Dealing With Transfer Pricing Disputes

The number of transfer pricing disputes is increasing. GE, Starbucks, Apple, Facebook and Nike are just a few examples of the many MNEs that are, or have been, subject to disputes around the world. Moreover, the counter-parties of these disputes are not just tax authorities, but also supranational organizations, such as the European Union. And it is not just large-listed MNEs that face scrutiny. Smaller MNEs are subjected to the same legislation after all.

This short article first discusses the nature of transfer pricing disputes. It then lists the most common dispute areas, before moving on to a few basic measures you can take to limit your risk on a transfer pricing dispute. [Read more…]

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Dealing With Transfer Pricing Audits

Transfer pricing has become the key focus area for tax authorities when assessing taxpayers. An explanation for this is that transfer pricing corrections are generally an easy way to drive tax proceeds. Within the industry it is observed that the number of transfer pricing “audits” increases when there is a large deficit in a government’s budget. This will of course be denied by tax authorities, but in practice, everyone knows about it.

If your firm is subject to Transfer Pricing Rules, there is a good chance that at some point you experience scrutiny on your policy. This may sound as a nightmare, and in some cases it is. However, the vast majority of transfer pricing audits do not end badly.

In this short article we provide information about transfer pricing audits, and suggestions on how you can handle these efficiently. [Read more…]

Transfer Pricing Asia…

…is a transfer pricing platform offering accessible knowledge, products and services.

Our digital offerings range from full-fledged transfer pricing courses to easy-to-use templates.

All our efforts aim to making your life easier and getting your transfer pricing job done.

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