Digitization and globalization of businesses have brought Transfer Pricing into the spotlight. The Indian Transfer Pricing landscape can be challenging to navigate, given the evolving laws and the acute emphasis on correct Transfer Pricing documentation. India, who acceded to the OECD’s framework, is inclined to align with the Base Erosion and Profit Shifting (BEPS) Action plan and ensure that it becomes a part of the global business framework.
As India’s dynamic tax environment shifts rapidly towards a global standard and the tax authorities become more proactive, businesses in India must adopt a tax position that is compliant with local as well as international laws. Considering the high litigation costs and the time-consuming nature of Transfer Pricing controversies, inaccurate or inefficient processes will have a detrimental impact financially as well as functionally. Therefore, it is crucial to manage the tax risk and Transfer Pricing matters prudently.
Our team of seasoned experts with local expertise and a global outlook offer a wide spectrum of Transfer Pricing services that help our clients manage their businesses effectively. Our services aim to support businesses with strong accountability and governance.
We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe.