Transfer pricing documentation leading practices for multinational enterprises

Tax Insights ()

The following linked article was previously published by LexisNexis.

Nearly 100 countries around the world have rules governing transfer pricing and nearly all require documentation either to be submitted or in place at the time the tax return is filed or when requested by the tax authority. The economic environment also has pressured governments to step up revenue collection and close budget gaps. Having defensible transfer pricing policies and procedures documented in a cogent, concise, complete, coordinated and contemporaneous manner iscritical to combat aggressive transfer pricing audits and mitigate costly penalties.