The UHY network has released its 2015 “Global Transfer Pricing Guide” to assist tax and finance professionals responsible for cross-border tax planning and compliance with their enquiries. Given the complexity of transfer pricing issues, the guide provides in the first instance a country-by-country summary of major transfer pricing requirements, including pricing methods, documentation and penalties covering 80 countries.
UHY member firm transfer pricing specialists work together to deliver global solutions for clients that protect against the threats posed by transfer pricing legislation. Advising on prices for intra-group transactions, using proven economic databases to recommend prices which maximise legitimate tax savings whilst minimising the risk of successful challenges by national tax authorities.
Transfer pricing has taken on greater significance, not just in terms of complying with the rules in each country, but also as a planning tool in minimizing a multinational group’s global tax burden.
“This updated guide reflects the commitment of UHY International member firms to outstanding cross-border tax advice and offers the possibility to connect with experts in the subject matter in each country, identified in the guide,” concluded Clive Gawthorpe, chair of the UHY Tax special interest group and tax partner at UHY Hacker Young, Manchester, UK.
The guide provides an overview of the governing statutes, how key concepts such as ‘arm’s length pricing’ are applied and the documentation required for the tax authorities. For more information regarding transfer pricing issues on specific countries and about UHY’s member firms’ tax expertise, please contact UHY Haines Norton’s Head of Tax Jim Martin at firstname.lastname@example.org, or the various contacts listed by country in the guide.