Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

What's the Deal with Local Files and Local Documentation?

05.13.2022 | Duration: 13:34

Exploring Transfer Pricing Episode 05-2022 | Is it Local? When it comes to country-specific transfer pricing reports, acclimate yourself to the local terminology, and don't get tripped up by the different titles and requirements.

Listen now
Backward 10s Play Pause Forward 10s

Podcast overview

All Local Files are Local Documentation, but not all Local Documentation are Local Files. That being said, in certain countries, if you provide a Local File, that might meet your Local Documentation obligation. Wait, what?

When it comes to transfer pricing compliance, each jurisdiction sets their own rules for transfer pricing documentation. Fortunately, the OECD/G20 outlined specific guidance for what ought to be included in a "Local File" to promote global consistency.

Our host Brittany Hardin Tanguay is joined by Scott Nestberg, a Principal in the KPMG Transfer Pricing practice, and Anne Gualano, a Managing Director in the KPMG Transfer Pricing practice, and together they lay out some of the differences between OECD Local Files and other types of Local Documentation, and discuss some of the approaches and challenges to preparing these reports.

Discover more podcast episodes in this series

More KPMG Exploring transfer pricing podcast episodes

Explore more

Webcast Replay Webcast Upcoming

Transfer Pricing

TaxNewsFlash-Transfer Pricing — KPMG's reports of transfer pricing developments from across the globe...

Webcast Replay Webcast Upcoming

Global Transfer Pricing Review

Comprehensive information covering more than 100 countries and feedback on more than 200 questions covering local transfer pricing rules and regulations

Webcast Replay Webcast Upcoming

International tax, transfer pricing, and trade

For companies operating in multiple countries, understanding the consequences of tax planning decisions at a global level is essential to managing finance and achieving wider business goals.

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.