Transfer Pricing Compliance Approach Planner
Transfer Pricing Compliance Approach Planner
Managing Global Compliance Risk
Many multinational businesses find it a challenge to stay on top of transfer pricing documentation requirements across their global footprint, with concerns over penalties, cost and complexity of production and potential for inconsistencies or inaccuracies across territories and years.
As the number of countries implementing transfer pricing documentation rules continues to grow, and with tax authorities adopting a wide range of compliance requirements, transfer pricing continues to be a complex tax regulation to keep up to date with.
Questions groups may be asking about transfer pricing documentation
- How do we stay on top of transfer pricing documentation requirements and deadlines across our global footprint?
- How do we meet documentation requirements, mitigate risk of penalties and have confidence in our first line of defence in case of a tax audit?
- How can we manage documentation compliance across the Group in an effective, transparent and consistent way?
Transfer Pricing Compliance Approach Planner (TPCAP)
TPCAP is an intelligent automation platform that supports decision making, using a risk-based approach, to help manage global transfer pricing documentation compliance obligations.
The platform uses global transfer pricing compliance data, alongside information specific to your business, to produce a clear report which sets out three key outputs by country:
Report type |
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| An overview of the documentation type recommended in each country based on a modular approach to building documentation. |  |
Priority |
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Supports risk-based decision making to help prioritise the preparation of documentation across a Group’s global footprint, taking account of a range of timing and risk factors to support resource management. |
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Deadlines |
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A compliance calendar setting out documentation-related deadlines and indicative preparation timelines providing a helpful tool for effective annual compliance planning. |
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Benefits of TPCAP
- Provides insights on the key global transfer pricing requirements across your global footprint
- Provides guidance on the type of transfer pricing documentation required in each jurisdiction
- Helps you focus resource in the most effective way
- Assists with determining, prioritising and scheduling transfer pricing documentation production for a given financial year
TPCAP leverages both internal and external data sources to produce a custom report:
Effective management of a Group’s transfer pricing requirements can help mitigate some of the key-risks of non-compliance which may include:
- Documentation-specific penalties
- Lack of penalty protection in case of transfer pricing adjustments
- Inconsistent representation of transfer pricing policies across the Group
- Greater scrutiny under tax audit
- Increased double-taxation risk
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