Transfer Pricing

Transfer Pricing

Taiwan introduced a set of transfer pricing regulations similar to the OECD version at the end of 2004. Companies with related parties may have to prepare transfer pricing study reports and disclose related party transactions carried out in its corporate income tax return. Transfer pricing traditionally occurs where goods or services move between related parties cross border. Companies need to be well prepared to tackle complex regulations and rules in Taiwan. Grant Thornton Taiwan works primarily in three areas of transfer pricing - documentation, planning and defence.

Documentation

Penalties for incorrect documentation can be severe so this is an important area. Tax specialists from Grant Thornton Taiwan attend international transfer pricing training conducted by Grant Thornton International and actively exchange knowledge with other Grant Thornton member firms. Transfer Pricing Study reports prepared by our firm will follow Taiwanese regulations. Content and data collection methodologies follow Grant Thornton International guidelines.

Planning

The growth or restructuring of a company doing international business can provide a good opportunity to review transfer pricing and international tax planning. Specialists from our firm have considerable experience in managing these types of reviews.

Defence

Defence of transfer pricing disputes can take a long time to resolve and inevitably involves going back through old records. Grant Thornton Tax Specialists have experience in negotiating with tax officers and also experience in representing clients in tax court.