This entails developing TP strategies and providing assistance in meeting
documentation and compliance requirements by assisting in the preparation of contemporaneous documentation in a timely manner, as required under the Indian TP regulations. In addition, it involves reviewing existing documentation and/or global documentation from an Indian TP perspective. Further, to ensure compliance, we can assist clients in preparing guidelines and procedures to keep their documentation up to date.
As tax jurisdictions expand their legislation, rulings, and enforcement efforts, an effective and flexible TP strategy must be global and sufficiently flexible to adapt as your business develops.
KPMG in India’s GTPS practice assists companies in their TP planning in the following ways:
Documentation and assistance in compliance
India’s TP regulations prescribe rigorous mandatory documentation requirements and impose steep penalties in case of non-compliance. Thus, multinationals need to ensure they comply with documentation and compliance requirements and also ensure that a system is in place for future compliances. KPMG in India’s GTPS team can help you meet your documentation and compliance requirements through the following ways: