The UK has always had a broad documentation requirement. However, in the area of Transfer Pricing, there were no specific documentation requirements in the past.
On 30 June 2022, Cyprus has made amendments to their TP legislation. The legislation will take effect, after publication in the Offical Gazette of the Republic, retroactively on 1 January 2022.
This week we have a case study about relatively small tax teams in comparison to their tax compliance burden and how to maintain transfer pricing compliance in a pragmatic and time efficient way.
Many tax teams still handle their transfer pricing compliance on a project basis, mainly focusing on formal deadlines. Starting a given period before the formal deadline passes, but not always considering other active processes (closings, holidays, internal availability of local
After BEPS action 13 was launched most multinational enterprises (‘MNEs’) experienced an increase in their Transfer Pricing (‘TP’) compliance burden. Local tax authorities focused on collecting information more than ever.
Is your tax team up to date of all transfer pricing (compliance) requirements/legislation? Although this is a very broad question, we distinguish several stages/levels of information.
This week we have a case study about a recurring concern about implementing transfer pricing software when there is only limited time available.