We understand that more documentation and compliance requirements, stringent penalties, increased audit activity and an intensified focus on organizations “paying their fair share” all must factor into transfer pricing policies and approaches. With advanced architecture and functionality, the EY Transfer Pricing Engine is cloud-hosted and available as Software as a Service, or our EY professionals can offer support by operating the tools to meet your business’s needs through our transfer pricing services.ĮY has developed TP Web™, a comprehensive transfer pricing documentation tool that is designed to help you streamline your internal processes and generate reporting packages to support Global transfer pricing documentation requirements ( Worldwide Transfer Pricing Reference Guide | EY - Global). EY Transfer Pricing Engineĭiscover the EY Transfer Pricing Engine – an efficient and streamlined framework to help you approach, monitor and analyze your intercompany transactions with one core system. Our flexible approach can help you develop sustainable practices to execute, monitor and report intercompany transactions. EY teams have developed a structured and scalable transfer pricing framework for improving transfer pricing implementation and building integrated systems and processes that function across tax, business units and operations. Operationalizing transfer pricing policies is an ongoing challenge with varying levels of complexity for many multinationals. Implementing intercompany transfer pricing effectiveness When deployed, these tools can help organizations generate timely insights from a transfer pricing framework that are directly related to intercompany transactions. The EY Transfer Pricing team has technology tools to enable you to monitor intercompany flows and manage intercompany pricing reporting and risks. To effectively navigate business-driven changes in real time, organizations must remain nimble and gain footing by thoroughly understanding supply chains, functions and risks. The EY risk-based transfer pricing approach allows you to align your company’s business strategies and tax considerations with your risk profile. Whether you choose to apply a globally centralized approach or a decentralized approach to your documentation needs, you should understand, anticipate and be flexible to the rigorous transfer pricing scrutiny in the countries where you operate so that you meet the local requirements, particularly where there is heightened risk. Properly documenting intercompany transactions is the first line of defense when your transfer pricing practices are challenged.
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