Transfer pricing refers to the rules and methods for pricing transactions between related entities, typically within multinational companies. Navigating these regulations can be complex and demanding. KMC’s Transfer Pricing Services help companies reduce tax liabilities, avoid penalties, and maintain compliance with local laws.
Our expert team assists clients in preparing and filing the necessary transfer pricing documentation, including the Local File and Master File reports, which are required by law to be submitted to local tax authorities. Failure to properly file these documents can result in penalties and increased tax risks.
Our Comprehensive Transfer Pricing Services Include:
- Document Collection and Guidance: Advise clients on the necessary documents and create a timeline for fieldwork and report issuance.
- Industry and Financial Analysis: Conduct detailed research and analysis of industry trends, functional activities, financial performance, and risks.
- On-Site Fieldwork: Perform related procedures at the client’s office, including gathering information about the group and its related-party transactions, interviewing key personnel, and conducting various analyses (industry, functional, risk, financial, and economic).
- Transfer Pricing Methodology Application: Advise on the appropriate methodology for the transfer pricing report.
- Data Review and Accuracy Check: Ensure the accuracy and truthfulness of all information related to the transfer pricing report through interviews and data review.
- Comparative Data Analysis: Identify the client’s main business lines and use a data source system to find comparable data within the same industry.
- Market Price Evaluation: Assess and conclude the market prices of the company’s associated-party transactions.
- Report Preparation: Prepare detailed worksheets, propose necessary adjustments, and draft the report.
- Client Consultation: Discuss findings and provide recommendations regarding transfer pricing.
- Final Report Delivery: Issue the Transfer Pricing Report and provide it to the client for review and approval.
- Ongoing Support: Respond to any client queries regarding the report.
Ensure Compliance and Minimize Tax Risks with KMC
Partner with KMC to effectively manage your transfer pricing obligations and safeguard against penalties. Contact us today for expert assistance in transfer pricing compliance.
