On the basis of the documentation compliance requirements set forth in BEPS Action 13, the master file/local file approach has been adopted by most tax jurisdictions around the world. In order to meet these requirements, multinational enterprises (MNEs) are often required to contemporaneously prepare and maintain transfer pricing documentation in the form of a local file for each of the legal entities that forms part of a MNE. This often results in a long and costly process for MNEs.
With our own developed transfer pricing tool – “TPAD”– preparation of local files can now be optimised. By combining Word templates and Excel files, several local files can be created at once, using TPAD ensuring a time efficient process minimising potential errors induced from manual handling of large data batches.
The simplicity of TPAD is a great advantage, as the programme only requires Excel files and one Word file (local file template) as input, resulting in several Word files as output.
Download full version of the product sheet and read more about the TPAD process and advantages here:
TPAD Client Case