Documentation

Adequate transfer pricing documentation can serve several useful functions. Quality transfer pricing documentation will: (i) ensure that taxpayers give appropriate consideration to transfer pricing requirements in establishing prices for transactions between associated enterprises; (ii) provide tax administrations with the information necessary to conduct an informed transfer pricing risk assessment; and (iii) provide tax administrations with useful information in order to enable evaluation of a taxpayer’s transfer pricing position upon audit, thereby contributing to the avoidance of disputes and to the timely resolution of any transfer pricing disputes that may arise.

Sustainable Development Goals:

Decent Work and Economic Growth