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Tag Archive for Transfer Pricing Software

A New Paradigm: Global Transfer Pricing Management Organizes All Documentation And Master Files

Transfer Pricing Software - Trans-Portal

Companies need a “portal” that enables them to streamline their processes and organize their global transfer pricing documentation. Such a tool should make it easy for the MNE to facilitate worldwide collaboration among professionals within the company and among its advisors by incorporating project management tools, tracking capabilities and communication across the globe. We have introduced Trans-Portal, a comprehensive solution with features designed to:

  • Organize global transfer pricing documentation
  • Collect data, perform research and analyze transfer pricing risks
  • Update transfer pricing documentation (Master and Local files) efficiently
  • Collaborate with colleagues across the globe to coordinate joint efforts
  • Validate transfer pricing documentation by transfer pricing specialists

Trans-Portal’s purpose is to fulfill these fundamental needs. This intuitive, easy to use solution is designed to meet the market’s appetite for support to automate data collection; organize transfer pricing documentation such as the master file and local files, benchmarking studies and intercompany agreements; and manage transfer pricing risks. At the same time, Trans-Portal enables global teamwork both within the enterprise and with the company’s external service providers.

Tour Trans-Portal To Manage Transfer Pricing Documentation

 

Transfer Pricing Documentation Made Easy Through Trans-Portal

Managing Transfer Pricing Documentation Through Trans-Portal

Companies need a “portal” that enables them to streamline their processes and organize their global transfer pricing documentation. Such a tool should make it easy for the MNE to facilitate worldwide collaboration among professionals within the company and among its advisors by incorporating project management tools, tracking capabilities and communication across the globe. We have introduced Trans-Portal, a comprehensive solution with features designed to:

  • Organize global transfer pricing documentation
  • Collect data, perform research and analyze transfer pricing risks
  • Update transfer pricing documentation (Master and Local files) efficiently
  • Collaborate with colleagues across the globe to coordinate joint efforts
  • Validate transfer pricing documentation by transfer pricing specialists

Trans-Portal’s purpose is to fulfill these fundamental needs. This intuitive, easy to use solution is designed to meet the market’s appetite for support to automate data collection; organize transfer pricing documentation such as the master file and local files, benchmarking studies and intercompany agreements; and manage transfer pricing risks. At the same time, Trans-Portal enables global teamwork both within the enterprise and with the company’s external service providers.

Make Transfer Pricing Documentation Easy

Tour Best Way To Handle Transfer Pricing Documentation

Transfer Pricing Has Been Cited By IRS As One Of Their Most Important Enforcement Priorities

Transfer Pricing Has Been Cited By IRS As One Of Their Most Important Enforcement Priorities

TaxConnections Reposts An Important Article: What To Expect When You Are Expecting A Transfer Pricing Examination

Transfer pricing examinations can be unpleasant experiences for taxpayers. Chances are, an international business in the U.S. – whether it is headquartered in the U.S., or a subsidiary of a foreign parent – is going to have its transfer pricing examined by the IRS or another tax authority.

Transfer pricing has been cited by IRS officials for years as one of their most important enforcement priorities. But as a direct result of BEPS (the OECD’s Base Erosion Profit Shifting project), tax authorities around the world are actively engaged in the process of revising and tightening their expectations and requirements with respect to transfer pricing. The prospect of thorough and detailed examinations of taxpayers’ transfer pricing positions is growing every day.

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ALERT: Now Is Not The Time To Ignore Transfer Pricing

SCOTT SMAISTRLA

COVID-19 necessitates a reassessment of the existing transfer pricing paradigms of Multinational Enterprises (MNEs). Virtually all industries will be adversely affected by the global COVID-19 pandemic. In addition to the impact of a global recession, there will be disruptions to supply chains and reductions in consumer demand. MNEs will face new challenges such as enabling personnel to work remotely and relocating personnel across borders at a time when movement is restricted by governments. These disruptions will erode the profit margins for many companies, potentially requiring MNEs to make significant adjustments to operating returns for the fiscal periods impacted by the COVID-19 pandemic.

In addition, we can anticipate that transfer pricing audits will surge in tax years where MNE profit margins have been adversely affected by COVID-19. MNEs must be prepared to explain to tax authorities that their transfer pricing arrangements were arm’s length during this period and that the unique and extraordinary adverse factors associated with COVID-19 caused unexpected losses. This discussion is especially important if the MNE’s transfer pricing policy is based on any entities in the chain achieving set target profit margin(s) that they will not achieve due to the adverse economy. It is essential for MNEs to document their transfer pricing arrangements now, including a discussion of the key factors to prepare for possible audits covering the COVID-19 tax years.
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Learn How To Remotely Maintain Transfer Pricing Using Transportal

Maintain Transfer Pricing Remotely Using Transportal

As organizations learn how to set up management of their global transfer pricing remotely, they are quickly moving to Transportal. This software as a service management platform provides a comprehensive solution to: Organize global transfer pricing information in one place; Collect data, perform research and analyze your transfer pricing risks; Update your transfer pricing documentation (Master and Local Files) efficiently; Collaborate with colleagues across the globe to coordinate joint efforts; Validate transfer pricing documentation by transfer pricing specialists.

This transfer pricing software manages risks by following the OECD Transfer Pricing Guidelines and complying with local requirements. This software makes it easy for corporations and consultants to collaborate online from a single dashboard and deliver transfer pricing service and support. Request a demo today at http://www.trans-portal.com/product.html

Have a question? Contact Guy Shanschagrin.