The process of recalculating prices in intercompany transactions to align them with the arm's length standard.
An examination by tax authorities to ensure that a company's transfer pricing complies with relevant regulations and guidelines.
A formal recognition by a tax authority that a company's transfer pricing methods and documentation meet compliance standards.
Adherence to transfer pricing regulations, methods, and documentation requirements to avoid penalties and disputes.
A list of items or actions to be reviewed and verified to ensure that a company's transfer pricing practices are in compliance.
A structured approach to ensuring that a company's transfer pricing practices and documentation are in compliance with tax regulations.
A document outlining a company's transfer pricing policies, methods, and procedures to achieve compliance.
A process of assessing and verifying that a company's transfer pricing practices align with regulations and guidelines.
Software tools designed to aid in the preparation and management of transfer pricing documentation and compliance.
Records and documentation prepared at or near the time of a transaction to support transfer pricing compliance.
The allocation of shared costs or expenses among related entities in compliance with the arm's length principle.
Mandatory reporting of transfer pricing information to tax authorities, often through specific forms or disclosures.
Established criteria for the quality and content of transfer pricing documentation, which can vary by jurisdiction.
An evaluation of the economic factors and conditions influencing intercompany transactions for transfer pricing compliance.
An evaluation of how changes in transfer pricing practices or regulations will affect a company's financial results.
The invoicing process between related entities, subject to transfer pricing regulations, to determine appropriate prices.
Laws and regulations that define the rules and requirements for transfer pricing within a specific jurisdiction.
Legal disputes and challenges related to transfer pricing that may require resolution through legal processes.
Assistance provided to companies involved in transfer pricing disputes, often by experts or legal professionals.
Prescribed approaches for determining the arm's length price in intercompany transactions, such as the CUP, CPM, and TNMM methods.
A contract specifying terms, conditions, and pricing for services provided between related entities in transfer pricing compliance.
Financial sanctions or fines imposed on companies for non-compliance with transfer pricing regulations or documentation requirements.
A proactive approach to designing intercompany transactions and pricing to ensure compliance with transfer pricing regulations.
The process of creating and implementing a company's transfer pricing policies to ensure compliance with tax authorities.
Amendments or updates to transfer pricing laws, regulations, and guidelines that may impact a company's practices.
An evaluation of the risks associated with a company's transfer pricing practices and potential consequences.
Strategies and procedures for mitigating risks associated with transfer pricing, including compliance and audits.
Software tools and applications designed to streamline and manage transfer pricing documentation, compliance, and analysis.
Compliance with statutory regulations and requirements related to transfer pricing in a specific jurisdiction.
A comprehensive report documenting a company's transfer pricing analysis, policies, and compliance efforts.
Strategies for optimizing a company's tax position through transfer pricing, considering local tax laws and international agreements.
A cohesive plan for managing transfer pricing, encompassing pricing methods, documentation, and compliance to align with business goals.
The process of finalizing a financial transaction, often involving the exchange of assets or currencies.
The interest rate on government-issued securities, influencing borrowing costs for governments and serving as a benchmark for financial markets.
T-Account: A simplified way to represent ledger accounts in double-entry accounting.
A calculation used in production scheduling to determine the rate at which products need to be produced to meet demand.
A company's book value includes only tangible assets, excluding intangible ones.
Changes or corrections made to a previously filed tax return.
Reductions in tax liability that directly reduce the amount of tax owed.
Measures to protect personal and financial data from identity theft and tax fraud.
An allowable expense/item that can be subtracted from taxable income to reduce the amount of income subject to taxation.
Conflicts or disagreements between taxpayers and tax authorities regarding tax liability or compliance.
The illegal act of intentionally underreporting or hiding income to reduce tax liability.
Exempt from paying certain taxes, often applicable to non-profit organizations.
Codes used by tax authorities to indicate reasons for rejecting a filed tax return.
A legal strategy or investment used to reduce or defer tax liabilities.
A fraudulent email scheme that impersonates the IRS and requests sensitive tax information.
The amount of tax taken from an employee's paycheck and remitted to tax authorities by the employer.
The income levels at which taxpayers become subject to specific tax rates or deductions.
Bonds issued by municipalities that are subject to federal income tax.
Assets held by a non-profit organization with restrictions on their use that expire over time.
A form of property ownership where multiple individuals have an undivided interest in the property.
A process in accounts payable that matches purchase orders, invoices, and receiving reports to ensure accuracy.
Overtime pay at one and a half times the regular hourly rate, often applicable to non-exempt employees.
A billing method in professional services that charges clients based on the amount of time spent on a project.
Suppliers or vendors to whom a company owes money for goods or services.
Customers who owe money to a corporate for goods/services provided on credit.
A discount offered by a seller to a buyer as an incentive for early payment.
Costs that are transferred from one cost center or department to another within a company.
A list of all ledger account balances used to ensure that debits equal credits in double-entry accounting.
An agreement (lease) in which the tenant is responsible for property taxes, insurance, maintenance costs, and rent.
A modification of a debt arrangement when a debtor is in financial distress.
Tax policies and reforms implemented during the presidency of Donald Trump.
Financial ratios measure a company's efficiency in managing its assets, inventory, and accounts receivable.