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Preventing transfer pricing pitfalls

02 January 2018 / Paul Sutton
Issue: 4629 / Categories: Comment & Analysis



  • Transfer pricing and its associated risks are increasingly relevant to smaller businesses.
  • Rather than tax avoidance or evasion the transfer pricing rules represent a compliance financial and reputational risk.
  • Tax advisers should ensure that relevant agreements are in place to minimise transfer pricing risks.
  • A practical checklist can be used for reviewing new existing or updated agreements.
  • Failing to implement intercompany agreements is usually a false economy.

Transfer pricing is widely regarded as one of the most significant and complex areas of tax risk affecting multinational groups. It is also a major focus for local tax administrations and supranational bodies. With the barriers to transacting business in foreign markets declining more small and medium-sized enterprises (SMEs) are exposed to transfer pricing risks. However unlike...

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