In the era of globalization, when Multi-National Enterprises (MNEs) have branches, divisions, subsidiaries and offices operating across the globle, it is common for them to transact goods and services from one jurisdiction to an associated enterprises in another tax jurisdiction. Further, with increase in cross border transactions, particularly between associate enterprises, the applicability of transfer pricing provisions under the Income Tax Act & other statutes have gained importance. Finance Act, 2012 has also introduced similar transfer pricing provisions for domestic transactions.
The legal, financial and accounting aspect relating to transfer pricing are highly complex and have global ramifications.
We, at Dhawan & Co. [DC], provide following services in connection with domestic as well as international transfer pricing:
- Transfer pricing planning.
- Develop transfer pricing documentation.
- Develop better understanding of transfer pricing risks and implement consistent transfer pricing practices to avoid controversies.
- Develop dispute avoidance models through Advance Pricing Agreements (APA).