Tax authorities worldwide are imposing new and stricter documentation requirements on companies in relation to their transfer pricing arrangements, and failure to comply can result in significant penalties. With the ever changing transfer pricing regulations, companies need an efficient framework for producing the required level of documentation to defend their transfer pricing data.
Taxpayers have historically used a country-by-country approach to the documentation of their transfer pricing, which is not in any way coordinated across territories. This frequently results in duplication of data collection efforts and transfer pricing reports that are inconsistent with the global needs of the company.
The PricewaterhouseCoopers advantage
Our transfer pricing team will help you develop coordinated global transfer pricing documentation and defence files consistent with your needs.
Global Core Documentation™ preparation of a global core document package containing common data and background information that can be shared among countries requiring documentation. This core documentation is then appropriated by each country as part of its separate country report, with the support of our team. The process is coordinated globally to ensure consistency and accuracy in disclosure.
