Transfer pricing is at the core of international trade within multinationals and is a key focus of tax authorities around the globe. In light of the OECD’s base erosion and profit shifting initiative, taxpayers—now more than ever—need to have an appropriate and effective transfer pricing policy, the ability to comply with documentation and country-by-country reporting requirements, and a strategy for responding to related inquiries. Responding to inquiries can be extremely time-consuming and can lead to tax adjustments, penalties, interest charges, and even negative publicity.
KPMG New Zealand’s Global Transfer Pricing Services (GTPS) practice helps companies develop and implement robust transfer pricing policies, prepare supporting documentation and manage transfer pricing risks.
Specifically, our transfer pricing professionals can assist you with:
- Planning: Assist in the development of economically supportable transfer pricing policies and the execution of sustainable tax planning
- Compliance and documentation: Assist with the analysis and documentation of transactions between related parties for consistency with the arm’s-length principle for tax purposes
- Implementation/operational transfer pricing: Advise on and assist with developing and implementing policies, procedures, and systems for setting, monitoring, and documenting intercompany tax transactions
- Dispute resolution: Help resolve transfer pricing disputes through various services, including transfer pricing audits, advance pricing agreements and the competent authority process.