Company
Frequently Asked Questions
Our approach is tailored and data-driven. We start by thoroughly understanding your business and transactions. Our legal and economic experts conduct precise analysis and benchmarking, develop customized documentation and strategies, and focus on practical solutions that ensure compliance and provide defensible positions.
The timeline for a transfer pricing project depends on the complexity of your business, the nature and number of intercompany transactions, and the availability of necessary data. A typical documentation project might take several weeks to a few months. We work efficiently while ensuring thoroughness and precision. In urgent cases we finalize projects in 7 working days.
Investing in transfer pricing documentation provides security in the event of a potential audit from the IRS.
Email/telephone contact, transfer of transaction information, signing of contract, electronic exchange of data, sending of draft documentation, customer comments, finalization of documentation.
Transfer pricing is related to CIT (corporate income tax) and PIT (personal income tax).
If your company or client is part of a multinational group and has intercompany transactions (e.g., sales, services, loans, licenses) above certain thresholds, you are very likely required to prepare transfer pricing documentation (like a Local File and Master File) in the jurisdictions where your group operates. Specific requirements vary by country.
Benchmarket operates worldwide.
Failing to comply with transfer pricing regulations or having inadequate documentation can lead to significant risks. These include tax adjustments by authorities, substantial penalties and interest, double taxation on the same income in different countries, costly tax audits, and reputational damage.
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