By professionals, for professionals # Transfer pricing documentation software Discover the software solution that **developed in collaboration with the transfer pricing team at the law firm ADKL** was. ## Opti.Tax Transfer Pricing Documentation: what you need to know ### Opti.Tax for transfer pricing documentation Only Opti.Tax offers the complete package for your practice: - Technical leadership in software - Unique accessibility AND depth - A wealth of practical expertise **Watch the video to see the many ways in which Opti.Tax can help you prepare your transfer pricing documentation.** Sorry, your browser doesn't support embedded videos. Reliable We have been developing compliance and reporting solutions for professionals for decades. Complete The software uses the BZSt taxonomy, so you won’t miss a thing. Latest We keep the software up to date with free updates. Professionally managed, seamless across all media and well thought-out ## The benefits of using Opti.Tax for transfer pricing documentation ### Technical leadership in software To ensure you reach your goal as smoothly and efficiently as possible, Opti.Tax helps you prepare your documentation. - **On-board help videos**: explanatory videos on individual items, accessible directly within the software - **Live validation**: Your entries are checked for validity on an ongoing basis - **Comprehensive e-learning**: Professional course by transfer pricing expert Tobias Polka, available to book via the hsp Community ### No language barriers thanks to DeepL With Opti.Tax, multilingual teams can work seamlessly and without any disruption across national borders: - **DeepL integration:** The software, including the cloud interface, is available in many languages - **Automatic translator:** Chats, tasks and so on are translated into the recipient’s system language - For multilingual language talents, the **Original news items** always just a click away ### Microsoft 365 integration included With the **Microsoft 365 integration** timeliness becomes a matter of course: - **Automatic notifications** in the event of process changes \(via email or the Teams app\) - All tasks go straight to Microsoft **To Do**and therefore in**Outlook** - Integrated and **seamless transition:** Tasks are not overlooked; everyone stays informed Next-level transfer pricing with Opti.Tax ## A software solution that really has thought of everything ### Create service relationships Here’s an example of just how simple and well thought-out Opti.Tax is to use: the intuitive creation of service relationships. ### Create a task in Opti.Tax Cloud Tasks can be created and assigned both in the Windows client and via the Opti.Tax Cloud interface. The whole process is incredibly simple and straightforward for everyone involved. ### Translations without a change of medium Multilingual teams are often involved, particularly when it comes to transfer pricing documentation. You can therefore use the DeepL integration not only to translate the Opti.Tax programme, but also for all generated documents, messages within the project team and the cloud interface. I have a document that really does contain everything. And I can use the DeepL integration to translate this document into any language that DeepL supports. That’s very important in an international corporation. **Tobias Polka** Tax adviser and auditor, ADKL The software solution for transfer pricing and country-by-country reporting ## Why transfer pricing documentation with Opti.Tax makes all the difference Don’t let your transfer pricing documentation become rocket science. Opti.Tax offers a wealth of features and guidance to help you create professional, comprehensive and legally compliant documentation, step by step. - **Comprehensive onboarding, including training** - **Help videos with practical tips within the software** - **For beginners and professionals** - **ideal for SMEs too, thanks to its unique value for money** - **Optional: Country-by-Country Reporting** - **Optional: Pillar 2** - **outstanding German customer support** - **Allocating tasks via Outlook and Teams** Developed for you in Hamburg Why so many professionals put their trust in hsp Excellent support A software solution is only as good as the support that comes with it, particularly when it comes to specialist software. That is why we offer you: - Comprehensive onboarding with a personal appointment for you or your staff - Personal assistance from our support team led by Julian Rodewald - A comprehensive help centre with countless technical questions and answers about the software Unrivalled practical relevance Only experts know what professionals like you really need. That is why we work with leading law firms: - Experts in the field support our software development - Strong partners: ADKL, Energiesozietät, Schröder & Partner, Clostermann & Jasper, and others. - New features are regularly implemented in response to customer requests Made in Germany Our development, testing and support teams are based in Hamburg. Our servers are located in Munich. There are good reasons for this: - All data is processed in accordance with strict EU legislation and the GDPR - You need to be able to rely on software and support – and that’s only possible locally - We need to be just as familiar with German laws and regulations as you are Free of charge and with no obligation ## Book a consultation now Let’s work together to find out how you can successfully use Opti.Tax for transfer pricing documentation in your specific situation. - in person - free of charge - in detail Book your no-obligation consultation now and find out more about Opti.Tax: Can't find a suitable date, or is the calendar not working? More on transfer pricing [Transfer Pricing Documentation in Practice](../../en/transfer-pricing-documentation-in-practice/index.md) How do professionals at law firms prepare their transfer pricing documentation? What digital tools do they use? Lisa Hägele and Tobias Polka from ADKL explain. [Read now](../../en/transfer-pricing-documentation-in-practice/index.md) [Transfer pricing documentation using Opti.Tax at the law firm](../../en/transfer-pricing-documentation-at-the-law-firm/index.md) Tax adviser Simon Hoffmann from the firm Dr. Daum & Partner uses Opti.Tax transfer pricing documentation. How does the software solution perform in practice? [Read now](../../en/transfer-pricing-documentation-at-the-law-firm/index.md) [Country-by-Country Reporting \(CbCR\) in practice](../../en/country-by-country-reporting-cbcr/index.md) Country-by-country reporting places many specific demands on consultants and law firms. Consultant Lisa Hägele has shared some of the challenges and solutions with us. [Read now](../../en/country-by-country-reporting-cbcr/index.md) FAQ – Frequently Asked Questions Frequently Asked Questions about the Opti.Tax Transfer Pricing Documentation Software Opti.Tax is a powerful tool for creating and maintaining transfer pricing documentation. We have answered some of the most frequently asked questions on this topic for you. #### What is a transfer pricing documentation?(414583bad3c985e5b) A transfer pricing documentation is a compilation of information and analyses that justifies and documents the pricing arrangements between associated enterprises. It usually comprises a master file and a country-specific file, as well as a country-by-country report \(CbCR\) where applicable. #### When is transfer pricing documentation required?(f555e706afabd4d9b) Transfer pricing documentation is required when a company carries out cross-border transactions with associated enterprises. Many countries have statutory requirements regarding the documentation of transfer pricing, particularly where certain turnover thresholds or transaction volumes are exceeded. The obligation to provide transfer pricing documentation serves to demonstrate compliance with the arm’s length principle and to avoid tax risks. #### What is a transfer price?(11fac82e82b7d609c) A transfer price is the price charged for goods, services or intangible assets between associated companies within a group. These prices must comply with the administrative principles governing transfer pricing and the arm’s length principle in order to avoid tax disadvantages or adjustments by the tax authorities. #### How are arm’s-length transfer prices determined?(9bae44b822a3a0539) Transfer prices are initially determined independently and freely by the companies involved in every transaction between related parties. Various methods can then be used to determine whether these prices comply with the arm’s length principle. In practice, preparing transfer pricing documentation requires the application of suitable methods, depending on the type of transaction and the availability of comparable data. These include the price comparison method, the cost-plus method, the resale price method, the transaction-based net margin method and the profit split. Companies must ensure that the chosen method is applicable and that the range of arm’s-length prices derived from it can be reconciled with the prices previously determined for the transaction. This must be adequately documented in the Local File, in the section on reasonableness documentation. #### When does a local file need to be created?(4104d937c47af82a9) A local file must be prepared if the statutory thresholds for transfer pricing documentation are exceeded. It contains detailed information on a company’s business activities and transactions in a specific country and is used by the tax authorities to assess compliance with transfer pricing regulations. The Local File essentially comprises sections on factual documentation and reasonableness documentation. #### What transfer pricing methods are there?(a1f68674e110c293b) The most common transfer pricing methods include: - Cost-plus method - Retail price method - Price comparison method - Profit allocation method - Transaction-based net margin method #### What is a master file in the context of transfer pricing?(fa2d9721c41e3345b) In practice, the master file forms part of the transfer pricing documentation and contains general information on the group as a whole. This includes, amongst other things, the corporate structure, business activities, intangible assets, financial transactions and the general transfer pricing policy. #### What is a settlement value?(c96fb92df8702a123) A transfer price is the internal valuation used for the settlement of goods, services or intangible assets within a group of companies. It forms the basis for transfer pricing and must comply with tax regulations in order to fulfil transfer pricing documentation requirements. #### What is a controlled transaction in transfer pricing?(ba11a11ee5b04bf5a) A controlled transaction refers to an economic interaction between two associated enterprises, such as the sale of goods, the provision of services or the transfer of intangible assets. Such transactions are subject to transfer pricing documentation requirements and are scrutinised by the tax authorities. #### What are operational transfer prices?(53031341b1242c447) Operational transfer prices are the prices set within a group for day-to-day business processes. They may, for example, apply to the transfer of goods, services or technologies between different business units. One example of transfer pricing is the internal allocation of software licences within an international group. #### What are transfer pricing arrangements?(2559292dd546eb1e9) Transfer prices are prices applied between different departments or subsidiaries of a company for internal transactions. They are used for performance evaluation, cost allocation and tax optimisation within the group. If you have any further questions, please do not hesitate to get in touch. We look forward to hearing from you. Your message to us How can we help you? About hsp – Software innovation made in Germany We eliminate media breaks for you Since 1991, hsp Handels-Software-Partner GmbH has been developing professional software solutions for tax consultancy and audit firms, as well as for businesses. Our taxonomy software **Opti.Tax** has established itself amongst discerning professionals in the DACH region as the reliable, high-performance and long-term solution for electronic invoicing. The digital tools for legally required, GoBD-compliant documentation are particularly popular. **Practical relevance, up-to-date content and genuine service** Our software modules are developed in close collaboration with experienced partner firms such as Energiesozietät GmbH for internal control systems \(IKS\), ADKL Abels Decker Kuhfuß & Partner mbB for transfer pricing, and Schröder & Partner for the digital pension file. In this way, we ensure that the features in Opti.Tax are tailored to the real-world challenges of day-to-day professional practice. Regular updates ensure that changes to legislation and new requirements are incorporated into the software in a timely manner. In addition, we support you with a comprehensive range of service and support offerings, e-learning courses, access to the hsp Community, our weekly live broadcast „hsp live at 11“ and much more.