Sterling Heights, Mich. March 2, 2015 – Global accountancy network UHY releases its 2015 “Global Transfer Pricing Guide” to assist tax and finance professionals responsible for cross-border tax planning and compliance with their inquiries. Given the complexity of transfer pricing issues, the guide provides in the first instance a country-by-country summary of major transfer pricing requirements, including pricing methods, documentation and penalties covering 80 countries.
UHY member firm transfer pricing specialists work together to deliver global solutions for clients that protect against the threats posed by transfer pricing legislation. Advising on prices for intra-group transactions, using proven economic databases to recommend prices which maximize legitimate tax savings whilst minimizing the risk of successful challenges by national tax authorities.Transfer pricing has taken on greater significance, not just in terms of complying with the rules in each country, but also as a planning tool in minimizing a multinational group’s global tax burden.
“This updated guide reflects the commitment of UHY International member firms to outstanding cross-border tax advice and offers the possibility to connect with experts in the subject matter in each country, identified in the guide,” concluded Clive Gawthorpe, chair of the UHY Tax special interest group and tax partner at UHY Hacker Young, Manchester, UK.
The guide provides an overview of the governing statutes, how key concepts such as ‘arm’s length pricing’ are applied and the documentation required for the tax authorities. For more information regarding transfer pricing issues on specific countries and about UHY’s member firms’ tax expertise, please consult the contacts listed by country in the guide.
UHY Global Transfer Pricing Guide
Every effort has been made to ensure the facts in this publication are correct at the time of going to press. These details are intended for general guidance only. Each individual country’s tax rates are continually changing, therefore, it is not possible to provide detailed rules on which to base specific action here. When information is required on a country, reference may be made to the laws, regulations and tax treaties of the specific country, and a professional tax advisor should be consulted. No responsibility can be accepted for loss occasioned to any person acting or refraining from acting as a result of any material in this publication.
The contents of the UHY Global Transfer Pricing Guide have been carefully compiled by 80 individual member firms of UHY, an international network of independent accounting and consulting firms. The tax partners and staff of UHY member firms throughout the world combine knowledge with regional, national and international skill sets to help our clients achieve further business success.