Companies are strained by the burden of multiple reporting standards and transfer pricing (TP) directors are tasked with meeting the demand for more data.
Tax directors say they are coming under an increasing amount of pressure as transfer pricing audits carried out by tax authorities become more aggressive and detailed.
Brazil’s OECD-aligned transfer pricing (TP) system will result in higher initial compliance costs for taxpayers. Complex benchmarking analyses and expanded TP methods add further risks of lengthy disputes, say tax experts.
Brazil will introduce a transfer pricing (TP) system that aligns with OECD standards. The arm’s-length principle (ALP) will be its “anchor”, while comparability analysis will become the “cornerstone”, officials said.
The COVID-19 pandemic led to a surge in transactions involving intangible assets. Tax professionals are invited to anonymously share how they managed the transfer pricing (TP) implications and what they would have done differently.
Businesses could face drastic transfer pricing (TP) consequences as Putin’s government aims to seize intellectual property (IP) from companies leaving the Russian market.
