TP contemporaneous documentation (“TPD”) preparation and update
We use the same TP database as the tax authorities and the Big 4 Accounting Firms, have extensive technical and practical experience, and can provide various types of TP-related professional services to our clients according to their specific needs, such as:
Benchmarking analysis and TP risk assessment
In addition to the annual TPD requirement, tax authorities may also require a company to justify the reasonableness of its particular related party transactions from the general anti-tax avoidance perspective. Further, various companies may also would like to conduct internal review on their related party transactions to assess the potential TP risks and necessary solutions to handle such risks. We have served man clients in such areas.TP dispute resolution
Generally, if the tax authorities disagree with the TPD or other documents submitted and require the companies to conduct special tax adjustments on their related party transactions, the relevant tax impact will be significant. Further, late tax payment interest charges and other penalties may also be involved. In such cases, we can help our clients to apply or negotiate with the tax authorities to obtain acceptable results.