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The role of transfer pricing implementation can be visualized as follows:
A successful implementation of a "change of business" model in general requires a multidisciplinary approach to produce a workable selling which is also defensible from a tax perspective.
Transfer Pricing Associates professionals combine the technical skills of economics, tax and business management to help you enhance your transfer pricing management and to help you rapidly build, manage and leverage your Transfer Pricing implementation.
Transfer Pricing Associates and its global business partners provide guidance and hands-on assistance on implementation of each key phase of a project with specific insight and focus on the practical implementation issues deriving from the introduction of your new business model.
Step 1. Define the major factors in the process of change
- The impact of external factors, e.g. your industry, your domestic and international markets and the regulatory framework
- How to get from a strategy paper to a strategy implementation (on a corporate, functional/administrative, operational level)
- What are the requirements for new management information systems?
- How does the new business model impact the performance measures and related incentive schemes?
Step 2. List the consequences stemming from the change
- Describe the business rationale for the change ("business case for change")
- Design the new business model
- How to convert systems, prices etc. from the "old" to the "new" business model (conversion issues)
- How to terminate "old" contracts and draft/enter in new ones: legal issues related to corporate and commercial law
- How to address issues related to corporate taxation, indirect taxation (VAT, custom duties etc.) and accounting
- How to address issues related to information management and IT
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