Transfer Pricing
Transfer pricing relates to the price non-arm’s length entities located in different jurisdictions charge each other for goods and services. All jurisdictions throughout the world are concerned that multinational companies are eroding their tax base through sophisticated transfer pricing arrangements. Many jurisdictions, including Jordan, are aggressively auditing these arrangements. While the penalties can be steep for companies failing to fulfill the required standards, transfer pricing represents an opportunity.
Multinational businesses face increasing scrutiny from tax authorities as ever-changing guidelines broaden regulatory requirements.
Baker Tilly believes transfer pricing can be a tool to help manage your tax exposure, maximize business opportunities and, where appropriate, identify your optimal tax structure. Drawing from our extensive transfer pricing experience, we work closely with our clients to ensure they meet their ongoing international tax and transfer pricing needs.
Baker Tilly Can Help
Tax authorities are increasingly vigilant to occurrences of base erosion and profit shifting and insist that intra-group transactions be set at an arm’s length basis. Regardless of the companies size, we work closely with you to best understand your situation and transform your transfer pricing concerns into opportunities and solutions. With international taxation becoming one of the biggest issues facing multinational enterprises and individuals, Baker Tilly can assist with the following services:
- Prepare and review transfer pricing policies to satisfy all applicable tax jurisdictions and the OECD BEPS Action Plan
- Establish transfer pricing documentation guidelines
Increased scrutiny by tax authorities across the globe has highlighted the importance of a properly documented transfer pricing arrangement. In the case of an audit, companies with inadequate documentation are subject to severe financial penalties. As part of its BEPS Action Plan, the OECD has introduced recommendations and increased transfer pricing documentation requirements.
Baker Tilly will not only help you meet compliance requirements, but also to comprehensively assess and plan for potentially unseen transfer pricing issues by providing services such as:
- Assessment of current transfer pricing documentation for sufficiency
- Compilation of applicable compliance documentation such as country-by-country reporting (CbCR)
Transfer pricing investigations are often stressful situations for companies. Mismanaged audits can result in double taxation, interest, and penalties. Therefore, audits must be approached with a team that can dedicate the required attention to the matter. We work closely with our clients in responding to such challenges.
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Baker Tilly Jordan, the independent member of Baker Tilly International is a proactive Consulting Firm of highly professional and certified consultants working out of Amman Jordan.
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