Transfer Pricing
What is Transfer Pricing?
Transfer pricing refers to the pricing of goods, services, and intellectual property exchanged between related entities within a multinational group. It ensures that profits are allocated fairly and comply with international tax standards. This is critical for preventing tax evasion and adhering to Australian Taxation Office (ATO) regulations.
What are the Pain Points for International Enterprises in Australia?
Operating in Australia presents challenges such as:
- Adhering to complex ATO regulations on transfer pricing documentation.
- Facing strict scrutiny on tax practices.
- Managing risks of double taxation, financial penalties, and reputational damage.
Key Transfer Pricing Documents
- CbC Report: Details the distribution of income, activities, and taxes paid by the group across countries.
- Master File: Describes global operations, including organizational structure, pricing policies, and intercompany financial dealings.
- Local File: Highlights the Australian entity’s management, operations, and intercompany transactions.
What We Can Do for Your Business?
- Preparation of CbC reports, master files, and local files to ensure compliance.
- Comprehensive risk assessments to identify and mitigate transfer pricing issues.
- Guidance on aligning intercompany transactions with Australian regulations.
- Expert support during audits or ATO disputes.
Why Choose INP?
- Specialized Expertise: Decades of experience working with multinational enterprises.
- Tailored Services: Custom solutions designed to meet your business needs.
- Proven Success: Trusted by listed companies and large private enterprises.
Contact us today to ensure your transfer pricing strategy is effective, compliant, and optimized!
Services
Book with your local INP office arrange for a 30 minutes free consultation
Schedule a call with our experts
Leo Huang
CA
Partner
Tony Tang
CPA
Director