Transfer Pricing Services
Transfer pricing is the process of pricing the exchange of goods and services between related parties. The foundation of transfer pricing is the arm’s length principle, which requires transactions between parties that are related to be conducted and priced as if the parties were not related. In a move to mitigate loss of tax revenue due to related party transactions that are not fairly priced, countries including Tanzania have introduced Transfer Pricing rules.
Coretax has a team of seasoned transfer pricing advisors with experience cutting across various sectors and jurisdictions. We assist companies with related party transactions through all aspects of their transfer pricing management lifecycle, including planning, implementation, compliance, and audit conducted by the revenue authority.
Our transfer pricing services include but not limited to:
- Transfer pricing planning and implementation
- Preparation and review of transfer pricing documents
- Domesticating transfer pricing documents prepared centrally
- Performing benchmarking analyses
- Review of intercompany agreements from a transfer pricing perspective
- Assisting with transfer pricing audits conducted by the revenue authority
- Transfrer pricing from objection level to appellant level and
- Transfer pricing health checks and audits