The widespread call for increased transparency and accountability has grown in importance over the years. This has also affected the way companies deal with transfer pricing. Companies increasingly discover that it is no longer enough to provide stakeholders with transfer pricing documentation. Stakeholders now want to see evidence that your organisation is in control of its transfer pricing execution, i.e. able to ensure that what should happen according to documentation, actually happens in your day-to-day transfer pricing execution.
Without demonstrable control, your operations may still prove vulnerable to reputational, financial accounting and tax risks. Conventional offerings in transfer pricing tend not to pay enough attention to what happens after the documentation phase, which is why we at PwC designed a new service. This service provides a combination of (1) advice and (2) comfort to make your transfer pricing execution sustainable. A cycle that assures your organisation of the evidence necessary to demonstrate control over transfer pricing execution, to better face their external stakeholder audiences.
We call it The Transfer Pricing Cycle®. More information is available from Dick de Boer and Petra Robben, or in our informative brochure.
Our Transfer Pricing Control Diagnostic Tool offers the opportunity to gain insight into your company’s current and desired status of control over transfer pricing. In 28 questions we guide you through the eight elements of a transfer pricing control framework. If you are interested to evaluate and improve your control over transfer pricing with our tool please contact Dick de Boer or Petra Robben.