{"id":5792,"date":"2012-04-27T10:31:25","date_gmt":"2012-04-27T10:31:25","guid":{"rendered":"https:\/\/gregorydamy.niceavocats.fr\/?p=5792"},"modified":"2023-08-09T08:22:22","modified_gmt":"2023-08-09T08:22:22","slug":"successful-transfer-pricing-documentation","status":"publish","type":"post","link":"https:\/\/gregorydamy.niceavocats.fr\/en\/successful-transfer-pricing-documentation\/","title":{"rendered":"Successful transfer pricing documentation"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.20.2″ custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.19.5″ _module_preset=”default” background_enable_mask_style=”on” background_mask_style=”wave” background_mask_color=”rgba(0,0,0,0.08)” custom_padding=”||6px|||” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_circle_counter title=”Estimated reading time (in minutes)” number=”2″ percent_sign=”off” _builder_version=”4.20.2″ _module_preset=”default” title_font=”Amiri||||||||” max_width=”137px” global_colors_info=”{}”][\/et_pb_circle_counter][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/gregorydamy.niceavocats.fr\/wp-content\/uploads\/2023\/07\/calculator-1044173_1280-2.jpg” title_text=”calculator-1044173_1280-2″ _builder_version=”4.21.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][et_pb_text admin_label=”Text” _builder_version=”4.21.0″ text_font=”Amiri||||||||” header_2_font=”Amiri||||||||” header_3_font=”Amiri||||||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]<\/p>\n

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Transactions carried out within international groups are governed by strict rules and must be precisely documented.\u00a0In the event of breach of these rules, the tax administration systematically corrects the companies.<\/span><\/p>\n

What is this?<\/span><\/h2>\n

Transfer prices are the prices of transactions within international groups.\u00a0It’s not just about prices on goods.\u00a0Also concerned are services or intra-group loans, for example.\u00a0Be aware that transfer prices are systematically examined by the tax authorities as part of tax audits.\u00a0The adjustments are also sometimes very heavy.\u00a0In this context, the documentation of these transfer prices is important.\u00a0It consists of explaining how transfer prices are calculated and justifying the method used.\u00a0The challenge is to show that transfer prices are market prices, and therefore that the company’s results are not undervalued.<\/span><\/p>\n

Distribution of profits and appropriate documentation<\/span><\/h2>\n

First of all, the distribution of transfer prices must be balanced within the group.\u00a0The company considered must have a correct level of profit, according to three criteria: functions, risks, and assets.\u00a0For example, a subcontractor whose functions, risks and assets would be limited, will have a limited level of profit.\u00a0If the transfer pricing policy is not good, their documentation will increase the risk of recovery, since it will highlight a method that can be challenged.\u00a0A good inventory is necessary to ensure that a good method is put in place.\u00a0If this is not the case, it would be appropriate to document past practices and then consider modifying this transfer pricing policy.<\/span><\/p>\n

Start from existing documentation<\/span><\/h2>\n

To be both effective and coherent, it is better to start by checking whether there is already documentation abroad, which would constitute a starting point for producing documentation in France.\u00a0If the documentation only exists in France, it should be ensured that its content complies with the new rules.\u00a0If this is not the case, it is necessary to adapt it.<\/span><\/p>\n

Assemble the right team<\/span><\/h2>\n

The team must be multidisciplinary and include the tax function directly concerned;\u00a0the legal function that will formalize the contracts;\u00a0the accounting function which will calculate the prices and issue the invoices;\u00a0and the finance function that will collect the financial data.<\/span>
A project manager will coordinate the different members of the team, and will define a schedule of the different tasks to be accomplished.\u00a0The documentation must therefore be managed like a real project.<\/span><\/p>\n

Follow-up<\/span><\/h2>\n

Once the team is formed, it will produce the documentation and ensure its follow-up.\u00a0The documentation must indeed be updated each year to reflect changes in the company.\u00a0It will be necessary to establish a timetable for reviewing and updating the documentation relating in particular to the company’s financial data.<\/span><\/p>\n

Involve internal control<\/span><\/h2>\n

All these provisions are useless if the\u00a0<\/span>transfer pricing<\/span><\/a>\u00a0policy is not effectively applied.\u00a0Internal control must therefore ensure this, by means of a suitable IT tool enabling invoices to be issued in accordance with the transfer pricing policy.\u00a0Finally, internal control must ensure that the roles and various responsibilities are clearly established within the company, in order to carry out this new transfer pricing policy.<\/span><\/p>\n

DAMY Law Firm<\/span><\/a>\u00a0, Nice, Corporate taxation-Transfer pricing, Update 2022<\/span><\/p>\n<\/div>\n

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Transactions carried out within international groups are governed by strict rules and must be precisely documented.\u00a0In the event of breach of these rules, the tax administration systematically corrects the companies. What is this? Transfer prices are the prices of transactions within international groups.\u00a0It’s not just about prices on goods.\u00a0Also concerned are services or intra-group loans, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[288],"tags":[],"class_list":["post-5792","post","type-post","status-publish","format-standard","hentry","category-other"],"yoast_head":"\nSuccessful transfer pricing documentation - Soci\u00e9t\u00e9 d'avocats Damy<\/title>\n<meta name=\"description\" content=\"Successful transfer pricing documentation Transactions carried out within international groups are governed by strict rules\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gregorydamy.niceavocats.fr\/en\/successful-transfer-pricing-documentation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Successful transfer pricing documentation - 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