Transfer Pricing is a major challenge. Unlike some challenges however, this is not one that can be avoided as, every year, more and more countries are introducing or updating their legislation to ensure that they are going to get their ‘fair’ share of tax revenue. This legislation, which always contains a healthy dose of penalty and interest provisions, is increasingly being reinforced by rigorous audit reviews.

Knowing and meeting the detailed requirements of each country, maintaining the documentation and testing your pricing, as well as having a strategy sufficiently flexible to allow your business to continue to operate successfully can be a huge drain on resources and can be very costly. The costs of not implementing a transfer pricing strategy however can be much higher and far more time consuming. At the same time the benefits of having an effective strategy that satisfies the shareholders and improves the Balance Sheet will be of enduring benefit.

pfTP's transfer pricing team brings with it, not only all of the required professional skills, but also many years experience and deep understanding of transfer pricing from within some of the worlds biggest financial institutions and multinational companies. Every member of the team is committed to not only developing, but delivering in full, an operational transfer pricing strategy that meets your global business requirements