Australia’s new transfer pricing legislation and the global focus on Base Erosion and Profit Shifting (BEPS) has brought Transfer Pricing to the attention of Tax Authorities around the world. Therefore it is important for companies to proactively assess and manage their transfer pricing risk.
Compliance burdens, documentation requirements and audit activities create significant administrative and financial costs for firms. The goal of Transfer Pricing Solutions is to help companies reduce transfer pricing risks by providing practical advice which can be implemented in-line with overall global business operations and objectives.
Partnering with your team on transfer pricing matters, reviewing work already performed, performing comparable searches, acting as the tax project manager teaming with your advisor on large scale transfer pricing projects, or just assisting with ad hoc questions, we can tailor our services to suit.
Whatever type of work required, we take a practical approach to ease the complexity of day to day implementation by your finance team. Transfer Pricing Solutions has been set up to have minimal overheads which keeps our fee rates considerably lower than staff at the Big 4 firms. This gives us the ability to spend further time to provide you with hands on practical transfer pricing solutions.
Our team has extensive experience in various areas of transfer pricing including transfer pricing planning, documentation requirements,
planning and compliance related to Base Erosion and Profit shifting (BEPS) action plan, assisting in client risk reviews and audit defences,
and advising effective international planning structures.
We also have expertise advising companies in most industries including financial institutions, pharmaceutical, software, resource sector, food and beverage companies, manufacturing and distribution, retail and services.
As a specialist firm we are able to identify and address transfer pricing exposures and opportunities, with the goal of developing and helping to implement commercial and tax-efficient transfer pricing policies and adapt them as circumstances change. When needed, Transfer Pricing Solutions will involve transfer pricing professionals in other countries to ensure each project balances the transfer pricing rules in Australia and all of a client’s international operations.
Transfer Pricing Risk Reviews (‘TPRR’) and Audits are a focus point of the ATO as a result of Australia’s new transfer pricing legislation and the global focus on BEPS. read more
As part of the Base Erosion and Profit Shifting (BEPS) initiative, an action plan has been developed by the OECD including a new global standard on Transfer Pricing Documentation read more
A critical area of transfer pricing is to perform benchmarking comparable searches to test arm’s length outcome. Our firm has access to appropriate databases read more
Transfer Pricing Solutions can help your company with internal transfer pricing training designed for CFOs and tax teams to understand read more
Whether you require a review and update of your existing internal transfer pricing policy, are integrating new businesses and want to develop read more
Have you received a letter from the Australian Taxation Office? We can assist you with responding, performing additional analysis as required, read more
Do you have clients who require assistance with transfer pricing but you don’t have the expertise? We can team with you to provide your client with transfer read more
The internal audit of ‘tax’ transfer pricing involves a review of the company’s transfer pricing framework including policies, processes/systems, read more
Small & Medium size enterprises and foreign subsidiaries in Australia must comply with the Australian transfer pricing requirements. read more