Transfer Pricing Compliance Review

A transfer pricing compliance review checks transaction coverage, supporting files and reporting readiness for the relevant entity and period.

Taxpayers, finance teams and group tax managers reviewing a transaction, a reporting requirement or an authority communication can use this service to clarify a particular issue. A useful starting question is: “Is a compliance review the same as a pricing study?” Begin with the facts behind that question rather than assuming that a standard package will resolve it.

The engagement can cover the following workstreams. The proposal specifies which apply to your matter and what evidence or specialist input is needed.

• Reconcile transaction lists with ledgers.
• Review documentation and report consistency.
• Track gaps and responsible owners.

Start with the records below where available. They help establish the facts before a more specific checklist is agreed.

• Related-party ledgers.
• Submitted reports.
• Documentation files.
• Policies.

Provide the relevant entity, transaction or reporting period and any existing notice or deadline. Identify missing or inconsistent records so they can be addressed explicitly.

A review identifies gaps; it is distinct from developing a pricing policy or issuing a required professional report.

1. Define the question: reconcile transaction lists with ledgers, using the available related-party ledgers and the facts you provide.
2. Examine the evidence: review documentation and report consistency. Record unresolved information and the assumptions that affect the analysis.
3. Agree the action: track gaps and responsible owners. Set the required deliverables, responsible owners and any follow-up or external dependency.

The proposal for Transfer Pricing Compliance Review sets out the analysis, documentation or coordination deliverables and the work you retain. The availability of related-party ledgers, submitted reports, documentation files and policies affects readiness and the amount of follow-up needed. Fees and the working schedule are agreed after that initial assessment. Any required independent report, legal representation or authority application is identified as a separate responsibility where relevant.

Use these official resources for the relevant framework. Application to a particular entity, period or jurisdiction requires a separate assessment.

• Income Tax Department: Applicable tax periods and framework

• Transfer Pricing & International Tax Advisory
• Transfer Pricing Policy Development
• Transfer Pricing Audit & Risk Review
• Transfer Pricing Dispute Resolution

Share a short summary of your Transfer Pricing Compliance Review requirement and the records already available. BIATConsultant can assess the proposed scope and explain the next steps.

• Request a Transfer Pricing Compliance Review consultation
• About BIATConsultant