Get Live Quote Case study: Transfer pricing services and consultancy for a multinational company
Croatia
Germany
United Kingdom
Poland
Challenge
A large multinational developer company was requiring complete consultancy in the field of transfer pricing in several countries they operate in. The client needed comprehensive transfer pricing services from initial communication and data collection through setting transfer prices before transactions to ensure transfer pricing compliance, to finalization of transfer pricing documentation and defense during tax audits.
The responsible expert for this particular client was Lea Balogová from Accace Slovakia. As a Senior Transfer Pricing Specialist, Lea focuses on formulating transfer pricing strategies and overseeing a dedicated team. Throughout her career, she has prepared numerous transfer pricing documentations for both Slovak and international companies. Lea leverages her expertise to provide excellent transfer pricing consulting and to conduct training sessions for clients and professionals. Notably, she has also provided training to employees of the Financial Administration of the Slovakia Republic.
Solution
Accace provided the full scope of transfer pricing services:
LEVERAGING OUR COMPETENCE:
- Determination of controlled transactions with related parties: evaluation of individual transactions, determination of appropriate level of grouping for testing purposes, and profitability of grouped transactions
- Preparation of documentation based on standard template and selection of transfer pricing methods
- Functional and risk analysis concerning significant transactions
- Comparison of prices calculated using specified method with actually applied prices, notification of any discrepancies with arm's length principle, along with proposing corrective solutions for the future
- Setting up the financing system for development projects
LEVERAGING OUR TECHNOLOGY:
- Benchmarking analysis based on prices in the TP Catalyst tool, a platform for searching external comparable data within European and worldwide Amadeus database
- Access to databases for licenses and service contracts from Royalty Range
- Access to database for financial transactions from Moodys, allowing coverage of all transactions
LEVERAGING OUR COMMUNITY:
- Flexible change of valuation system despite changes in company or growth of projects
- Transfer pricing knowledge-sharing within entities of the company
- Single point of contact for effective information management for all entities and projects
Results
Cooperation since 2016
- Preparation of more than 30 documents and over 15 transactions for the client
- In general, prepared around 230 documents for over 150 companies
- Licensed to utilize commercial database Amadeus (through search tool TP Catalyst)
- Provided comprehensive transfer pricing documentation and defense
- Ensured compliance with transfer pricing regulations across multiple jurisdictions
- Supported client's growth and project expansion with flexible valuation systems
- Delivered expert transfer pricing consultancy and documentation services
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