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Transfer Pricing & Digital Business Model | GTP GlobalTransferPricing

Digitalization is now a ubiquitous phenomenon in today’s business world. In multinational corporate groups and other mid-sized organizations involved in international business and cross-border transactions, almost every inhouse employee and expert of external business partners are established with digital workstations and integrated IT systems. Such digital integration is deployed for intra-group processes between staff as well as for exchanges with external stakeholders like suppliers and customers, service providers, strategic partners, and even governmental authorities. Hence, almost all data and information required for managing a transfer pricing system and the inherent tax compliance work is already digital – today and, of course, tomorrow. For example, product engineering solutions (e.g. GIS), systems of Economic Resource Planning (ERP), document management systems and enterprise content management systems (ECM), collaboration platforms within the group, external database resour
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Ultimate guide to Transfer Pricing

The term Transfer Pricing refers to the pricing of goods or services which are exchanged between two or more related parties of the same multinational group. Sometimes, related parties are also called associated enterprises or depending companies. As a definition, business transaction parties are related to each other if certain criteria of ownership, management, rights, or economic dependency are met. Such criteria are usually defined by local law, primarily by tax law and corporate law. The subject area Transfer Pricing is construed of, and linked to, three areas of law: the law of obligations, the corporate law, and the tax law. Referring to the law of obligations, the Transfer Price is the reward on the exchange of a good or product, the delivery of a service, the right to use assets of other owners, or a guarantee received, if such exchanges occur between related parties. Transfer Pricing, actually, is a matter of subject for legal entities and/or permanent establishments, belong
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