Max Stobbe — Digital Transfer Pricing Director, Aibidia
As a transfer pricing consultant, I sometimes couldn’t see the wood for the trees at the end of the documentation season. Preparing documentation for large clients operating in more than a dozen countries could represent a daunting task. The issue was often getting lost in ensuring content consistency across reports at the cost of losing the big picture. If you are in a similar situation or need to cross-check your advisor’s deliverables, take a step back and answer the following 5 questions:
Ultimately, you will be best prepared for an audit if your transfer prices are determined with a well-prepared transfer pricing analysis. Where there are no transfer price adjustments there can only be late filing penalties. Be confident with the analysis prepared and revisit your analysis if certain relevant fact patterns were missed (such as available internal comparable uncontrolled prices or effects from business restructurings). Additionally, ensure your advisors have initially set up a global transfer pricing policy in line with OECD guidelines and country-specific rules or regulations and paid attention to current case law.
If you need assistance reach out to your advisors and get in touch with the transfer pricing experts at Aibidia.
Aibidia was founded by transfer pricing experts for transfer pricing experts to bring automation and advanced analytics to this critical finance function. Our cloud-based platform enables a shift in focus from documentation creation and data entry to value creation and insight on a global scale. Founded and headquartered in Helsinki, Finland, Aibidia’s team of veteran tax, legal, and technology experts closely collaborates with customers across the globe.