Transfer pricing planning is essential to minimize overall global tax burden and avoid the chance of double taxation.
Multinational businesses set their own intercompany pricing related to the sale of goods, technical services, management services, licensing or sales of software, as well as the licensing or sale of other intellectual property.
A proactive transfer pricing policy can help your business minimize compliance risk and potentially reduce its global tax rate by making sure you are handling your intercompany pricing fairly and consistently.
What is Transfer Pricing?
Transfer pricing refers to the price paid in transaction between related parties. This includes:
- Tangible property
- Intangible property (trademarks, customer lists, etc.)
- Services
- Financing
Why is Transfer Pricing Important?
Transfer pricing is a key consideration when doing business internationally. The IRS and many countries require documentation to support the proper transfer pricing to avoid penalties upon adjustment.
Trained transfer pricing professionals can help you plan for the optimal intercompany pricing and document your transfer pricing analysis and policies.
Why You Need an International Advisor
There’s much to consider when doing business abroad. Eide Bailly’s experienced international tax professionals can help you understand global transfer pricing considerations while minimizing related risks, so you can put the most beneficial transfer pricing policy in place. As a member of HLBGlobal, we utilize a global network of firms to help create tax efficient transfer pricing policies and documentation.
Why Choose Eide Bailly to be your Transfer Pricing Partner?
- Experienced professionals who understand international tax rules and regulations
- Access to HLB Global, a global network of CPA firms
- Chinese, Canadian and Latin American international tax desks with bilingual professionals
- Top 25 CPA firm
- Years of experience in global mobility programs with a broad range of inbound and outbound international tax services
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Planning minimizes your global tax burden and keeps you compliant.
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