The tax authorities’ requirements regarding transfer pricing documentation are now stricter than ever before. Affected companies are urged to treat transfer pricing as a top priority. However, preparing procedural documentation requires careful planning, for example by using the right tools and resources.
In this episode of „hsp live at 11“, Lisa Hägele, a transfer pricing expert at ADKL AG Wirtschaftsprüfungsgesellschaft, and chartered accountant Tobias Polka provide practical insights into how to prepare effective transfer pricing documentation. Lisa Hägele draws on her many years’ experience in advising on transfer pricing and digitalisation, and tests the new Opti.Tax software live on air.
Transfer pricing documentation poses major challenges for many tax advisers – particularly when manual processes and tools such as Word or Excel reach their limits. Simon Hoffmann, a tax adviser at the tax consultancy and auditing firm Dr Daum & Partner in Karlsruhe, has experienced this shift first-hand.
In this article, you will find out what changes the new transfer pricing guidelines will bring from 2025 onwards. We will explain the future requirements for transfer pricing documentation, the deadlines companies must meet, and how you can avoid risks at an early stage.
Preparing a country-by-country report can be a lengthy and labourious process. This was certainly the case for tax adviser Lisa Hägele. On the programme „hsp live um 11“, the experienced professional spoke to Paul Liese about the teething problems she encountered and the solutions she found.
Geopolitical developments are just one of the reasons why the legal requirements for transfer pricing are constantly changing. In an interview with hsp editor-in-chief Paul Liese, Tobias Polka – an expert in transfer pricing at ADKL (Düsseldorf), amongst other things – discusses the latest changes and the reasons behind them.
Stricter regulations and documentation requirements – the framework for determining transfer prices has become more restrictive. With other issues having dominated 2022, many professionals in tax practice are asking themselves: What is the current situation regarding transfer pricing at the end of 2022?
Tax firms can only survive if they replace repetitive tasks with future-proof services. A lucrative area of business: digitalisation consultancy. To do this, someone would need to be trained, for example through the hsp Academy’s further training course in digitalisation consultancy. But does such further training really lead to actual projects?
With more than 200 participants attending in person, plus over 100 more online, the IDW Annual Congress last Thursday and Friday was a hive of activity. In a first, this year’s congress was not held in Baden-Baden, but in the federal city of Bonn. In another first, hsp joined the ranks of the 20 exhibitors for the first time.
There are a number of pitfalls to be aware of when documenting transfer pricing. Christian Schoppe, an experienced digital tax adviser, is an expert in transfer pricing and international tax law. Speaking to Paul Liese, he discusses the key points that beginners in particular should bear in mind when it comes to transfer pricing documentation and transfer pricing.
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© hsp Handels-Software-Partner GmbH
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