Technology
Everything revolves around data. Operational transfer pricing technology and related technology is becoming increasingly important. Why? Because using data analytics for tax purposes provides you with insight. It also makes it possible to reduce the number of processes that have to be performed manually and keeps errors to a minimum.
Transfer Pricing Documentation
Adequate and robust transfer pricing documentation has become increasingly important in order to meet local annual compliance obligations. Transfer pricing documentation involves describing and substantiating the arm’s length nature of the applied transfer pricing policies.