KPMG's transfer pricing team has valuable experience in assisting companies in the preparation of transfer pricing documentation, both to local clients and across borders. Transfer pricing documentation is prepared based on Lithuanian legislation and the transfer pricing guidelines of the Organisation for Economic Co-operation and Development. 

Transfer pricing documentation is based on an analysis determining whether the taxpayer, when calculating taxable profits, recognizes the amount which is in line with the arm’s length price of a transaction as income from such a transaction and the total amount of costs incurred during the transaction, which is in line with the arm’s length price of such transaction, as allowable deductions or limited allowable deductions. Therefore, transfer pricing documentation is evidence that inter-company transactions were performed in line with the arm’s length principle.

We advise on transfer pricing strategy issues and help in setting inter-company pricing principles.

Our Transfer Pricing services include:

• Preparation and updates of transfer pricing documentation as required by Lithuanian rules;
• Preparation of benchmarking studies;
• Review of transfer pricing documentation, transfer pricing planning documents and benchmarking studies;
• Support in Advance Pricing Agreement (APA) procedure;
• Planning and preparation of tax efficient intra-group pricing policies;
• Preparation of intra-group agreements;
• Support in transfer pricing audits;
• Transfer pricing seminars and insights (on BEPS, APA, CbyC, etc.);
• Advice on the Base Erosion and Profit Shifting (BEPS) action plan.