Spurred by the OECD’s BEPS initiative, over 100 countries around the world are implementing new transfer pricing requirements. Some organizations assume these requirements only apply to multinationals with group revenue of 750 million euros or more. The reality is that many new countries have much lower thresholds. We explain what multinationals need to know now to comply.
The Inland Revenue Authority of Singapore has clarified its transfer pricing guidelines related to service companies. This post provides a summary of the clarifications and gives a brief description of cost-plus mark-up taxation.
In January 2017, the Australian Taxation Office (ATO) published new guidance on transfer pricing. The publication is part of a trend of tax authorities in all jurisdictions cracking down on profit shifting. This post provides some important steps you can take to ensure your organization stays compliant with evolving corporate tax laws.
The OECD has released transfer pricing and country-by-country reporting (CbCR) guidelines requiring certain multinational enterprises to provide additional information to international tax authorities on their global business operations, economic activities and transfer pricing policies. This post summarizes the key aspects of the new CbCR requirements and how they may affect your business.
As businesses expand across borders, they must understand the complexities of transactions between divisions, subsidiaries and companies that are under the same ownership but operate in different tax jurisdictions.
As businesses expand, they must sort out the complexities of transactions between divisions, subsidiaries and companies that are under the same ownership but operate in different tax jurisdictions. As entity makeups become more complex and businesses span ever more jurisdictions, transfer pricing — determining the price charged for goods and services exchanged between these smaller entities — becomes more difficult. Here are a couple of simple lessons to orient yourself for this complicated task.
Radius helped a major educational products and services provider manage the transfer pricing risks of its non-U.S. operations by showing that its intercompany transactions were priced fairly and accurately.