It is the right time to act
Transactions between related parties must be performed at arm’s length prices and at market conditions. The determination of prices and conditions for transactions between related parties is governed by transfer pricing.
The number of tax audits focused on transfer pricing matters constantly increases. Based on our experience, many companies may face serious problems in this area since in many cases transfer pricing has not been regarded as a priority. This results into a relatively high “success” of the tax authorities in the performed tax audits:
Services rendered by KPMG in the area of transfer pricing may help you in taking decisions on prices and transaction terms for transactions with related parties. At the same time, we can assist in their description in the required transfer pricing documentation. Without the maintenance of a proper transfer pricing documentation a penalty up to EUR 3000 may be levied by the tax authorities, also repeatedly.
In our personal meeting we will draw your attention to the possible errors in the transfer pricing area as well as to the associated risks. Our fee will amount to EUR 700 plus EUR 390 per each transaction under review.
Our output will be the transfer pricing documentation in the required scope in line with the valid tax legislation. Our fee will depend on the complexity of the transfer pricing documentation and the number of types of transactions which will have to be documented.
We always try to protect our client's interests in line with the valid tax legislation. Upon agreement, we can also represent you during a lawsuit against the financial authorities. The fee for our assistance during tax audits will be determined based on the number of hours spent on this engagement.
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KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.