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We approach each audit with sharp thought, straight talk and common sense. In addition to verifying that financial results are fairly presented and meet...
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We conduct an integrated audit, which combines the financial statement audit,independent and objective assurance on financial information, transactionsand processes.
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We offer services relating to reviews of historical financial informationby expressing negative assurance on such historical financial information.
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Our team provides timely advice on the impact of accounting changes to assist businesses in the development of an appropriate implementation roadmap.
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Tax policy reforms and the introduction of new tax regulations across the GCC are creating huge challenges for organisations. Grant Thornton UAE offers a...
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Transfer Pricing
Grant Thornton UAE assists its clients in providing transfer pricing solutions that are implementable and operational, considering the facts and concerns of its clients.
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International Tax and Tax Due Diligence
Grant Thornton UAE supports multinational groups to optimise their tax structures. We can also assist businesses in analysing existing group transactions and inter-group supplies, as well as advising on potential implications of various taxes to facilitate an efficient Group tax structure.
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Transfer pricing
Balancing risks and rewards in transfer pricing
01 May 2014Standing up to scrutiny: Balancing the risks and rewards in transfer pricing documentation
Companies are facing a proliferation of transfer pricing documentation demands. While the new requirements set out in the OECD’s Base Erosion Profit Shifting (BEPS) Action Plan will raise the bar still further, they could also provide the catalyst for the development of a more sustainable approach.
This article looks at the key considerations for documentation policies as companies look at how to balance the need to meet tax authority expectations with curbing cost and complexity.
Plan, implement, defend
While there is no one size fits all solution, we believe that a ‘plan, implement and defend’ approach that builds documentation into the wider risk management of tax and transfer pricing should enable companies to keep tax authorities on side without over-burdening the business.
Building documentation into a proactive and systematic approach to transfer pricing will help to minimise the potential for disputes, while curbing any unnecessary demands on your business.
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