Transfer Pricing (TP) and Other Contemporary Issues
Expert guidance on transfer pricing compliance and international tax regulations
There are various legal frameworks and international conventions which businesses especially those having related party transactions need contend with to ensure compliance and avoid sanctions. Our Firm, Ijewere & Co. Is available to help you on matters concerning compliance with Transfer Pricing and the other related regulatory matters.
Understanding Key Regulations
Transfer Pricing Regulations
Transfer pricing is a very important international tax issue facing Multinational Enterprises (MNEs). Transfer prices may affect the Group's taxable income in the different countries in which it operates. Tax authorities of the various countries where the Group has presence are becoming more interested in transactions with related parties as they affect their tax revenue.
Income Tax (Country by Country) Regulations
Country-by-country reporting (CbCr) aims to provide tax authorities with additional information on cross-border corporate structures. Generating country-based reports for multinational enterprises and automatic exchange of their information is meant to allow the tax authorities to better review them.
Common Reporting Standard (CRS)
CRS is a set of rules for automatic exchange of financial account information between the tax authorities of countries that have opted to make such exchanges. The legal framework for CRS in Nigeria is Income Tax (Common Reporting Standard) Regulations, 2019, and the following Nigerian institutions are affected by the Regulations:
- Banks
- Insurance companies
- Asset/Portfolio Managers; and
- Investment Funds/Trusts Companies
Our Transfer Pricing Services
Compliance Assurance
Ensuring compliance with Transfer Pricing, CbCr and CRS guidelines
Strategic Planning
Providing guidance in planning and optimizing Transfer Pricing policies
Dispute Resolution
Assisting with dispute resolution on matters relating to TP, CbCr and CRS compliance
Why Partner With Us?
Expert Knowledge
Deep understanding of international tax regulations and transfer pricing guidelines
Proactive Approach
We help you stay ahead of regulatory changes and compliance requirements
Comprehensive Solutions
End-to-end support from compliance to dispute resolution
Risk Mitigation
Minimize risks and avoid penalties through proper compliance strategies
Ready to Ensure Transfer Pricing Compliance?
Let our experienced team help you navigate the complexities of transfer pricing regulations and international tax compliance.
Get a Free ConsultationTransfer Pricing Services
- Transfer Pricing Compliance
- TP Guideline Planning & Optimization
- TP Related matters Resolution
Did You Know?
Transfer pricing affects multinational enterprises' taxable income across different countries. Proper compliance is crucial to avoid penalties.