Widespread government deficits are causing tax authorities around the world to step up the pace of transfer pricing audits—a tempting target for increases in tax revenue. In present scenario the participation of multi-national companies in Indian economy has given rise to complex issues emerging from transactions entered into between two or more enterprises belonging to the same multi-national group.
Government of India has formulated a statutory framework to identify the reasonable and fair value of transaction and tax thereon. In order to face the complexity of the foreign transactions of multinational companies in India, Government of India introduced a regulation under the name 'Transfer Pricing Regulation'.
Cofiser's transfer pricing network can help you develop compliant, tax-efficient structures, prepare for rapid audit response, resolve transfer pricing disputes, and decrease transfer pricing exposure in future periods.