Offering innovative, tax-efficient compliance solutions, audit response and dispute. Recognising that TP execution is more than just a tax function’s responsibility, our team comprises experts not only in transfer pricing but also in customs and trade, indirect tax, accounting, management, IT and change consulting. PwCs global transfer pricing network: 2500 people, 80 countries. This can then support further automation benefits, allowing a less manual and more accurate and efficient process in price setting, monitoring and adjustment. Not getting it right can lead to costly financial consequences in the form of transfer pricing adjustments, indirect taxes, customs duties and time-consuming audit defence work.Ī clear governance process with responsibilities understood across business functions forms the backbone of good TP execution. While the outcome of transfer pricing compliance is principally the responsibility of the tax function, execution of intercompany transactions often spreads across several other functions such as controllership, accounting, IT, legal, trade and customs. What is Operational Transfer Pricing Operational Transfer Pricing (OTP) is our proposition that supports clients implementing and executing their transfer pricing (TP) policies effectively. It’s the last mile that makes all the difference to managing your transfer pricing risk. Operationally effective and well controlled transfer pricing implementationĪ policy is only as good as its execution.
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