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Podatki z Galt Tax: Tomorrow (03.10.2017) come into force the regulations specifying new requirements for transfer pricing documentation
Alexander van den Akker, tax transfer pricing
The regulations* coming into force on 3 October 2017 will include i.a. the detailed description of the elements of the local file, the master file and the benchmark analysis, that is the new documentation that some entrepreneurs have to already prepare for 2017. These regulations complement the transfer pricing regulations effective as of 1 January […]
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What is the benchmarking study? – use our transfer pricing calculator
Artur Gawiński, transfer pricing
The benchmarking study is a statistical analisis of statistical financial data, designed to determine the market price level achieved by third parties in respect of a given type of transaction. The benchmarking study significantly reduces the risk of dispute with the tax authorities as to the market price level agreed between related parties, which otherwise […]
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What is a transfer price? – use our digital calculator and check transfer pricing duties
Artur Gawiński, transfer pricing
A transfer price is the price at which company sells goods, intangible assets or provides services to related parties. Each transaction between related parties should be arm’s length, otherwise the tax authorities may increase the taxable income by increasing revenues or decreasing costs. The assessment process is illustrated in the graph below (example for rendering […]
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Master File Documentation
Artur Gawiński, tax transfer pricing
Since January 1, 2017 the scope of information of the transfer pricing documentation will depend on the value of income or expenses made by the company in the previous fiscal year. On January 1, 2016 changes in tax law introduced by amendments in the PIT and CIT Acts came into in force. Significant changes in […]
