Transfer pricing - page 2

Transfer pricing is emerging as a subject of special interest to tax authorities. Selecting affiliated entities for inspection has become visibly more effective, which is evident when one compares data on the number of inspections that resulted in estimation of income. In 2013 less than 53% of all inspections carried out by tax offices revealed certain irregularities in transfer pricing. By mid-2014 this share grew to as much as 89%.

The obligation to prepare tax documentation in the case of transactions by/with partnerships has been a source of confusion among taxpayers for a quite long time. To prepare or not to prepare? That’s the question! – such a paraphrase of the famous Shakespearian quote clearly illustrates the dilemma that many taxpayers have had to face.

Anyone who has ever had the pleasure of attending classes in programming almost certainly had the chance to plumb the mysteries of a programming language known as Turbo Pascal. If so, the phrase in the title of our first post surely sounds familiar. "Hello World" – the words our very first "programme" would usually display on the monitor of our computer. Back then, these two words meant the beginning of an adventure with a new, inspiring tool that would offer tremendous opportunities, namely programming. What better title could there be to celebrate the start of an adventure that may perhaps be different, but still as fascinating and inviting: an adventure with transfer pricing.