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19/2, 2nd Main road, Kirloskar Colony, Basaveshwaranagar, Bangalore
As a part of the Base Erosion and Profit Shifting (BEPS) initiative, the Organisation for Economic Cooperation and Development (OECD) has issued various guidelines wherein the multinational entities would be required to maintain, a three tier approach of Transfer Pricing Documentation which involves Master File, Local File and Country-by-Country reports.
The new global standard aims to provide tax authorities with unprecedented transparency regarding the Company’s global transfer pricing policies and financial results. Companies may be required to implement new procedures that will allow them to locate, collect, store, validate, and assemble the information required.
Transfer Pricing Center understands the importance of these reporting requirements and would assist entities which are required to comply with reporting requirements.
If you have any issues on Transfer Pricing and related tax matters ….We are available