In most countries of the world special attention is paid to pricing. Of particular importance are the international aspects of related-party transactions of multinational corporations.

Companies that do not pay enough attention to the required standards of transfer pricing, incur themselves high financial losses in the form of additional taxes and penalties levied by the tax authorities.

Key steps of introducing effective transfer pricing mechanisms that will help avoid future financial risks:

  • development and implementation of the methodology, internal transfer pricing policies;
  • monitoring of transfer pricing procedures, analysis and assessment of possible tax risks;
  • development of transfer pricing documentation;
  • accompaniment in tax audits on transfer pricing issues.

Initiative audit of financial statements prepared under GAAP or IFRS is conducted by certified auditors at the request of owners or management of the company.

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