Transfer pricing applies to the pricing of transactions between related business organisations and covers goods, services, intangible property and debt. So if your business has any transactions between related entities, such as group companies, then you will need to consider transfer pricing issues. Each country has their own set of rules so we have laid out everything you need to know about Irish transfer pricing.
Irish transfer pricing rules apply to most inter-company transactions including transactions between domestic companies. Our rules apply to intercompany sales and purchases, distribution agreements, administration agreements plus consultancy arrangements, intellectual property and financing agreements.
Huge risks and opportunities make specialist advice in this complex area invaluable. At RSM Ireland, our transfer pricing team have considerable experience in dealing with the issues and rules surrounding Irish transfer pricing.
In tandem, we work with our colleagues in RSM member firms around the world to provide you with the most tax efficient, OECD compliant transfer pricing strategies possible.
Our team can help your business with the following services:
- Performing a transfer pricing review and benchmark analysis to help identify where your business sits within its industry.
- Preparation of a transfer pricing policy that is compliant with the "arms length principle" and that will stand up to scrutiny by tax authorities.
- Defending and managing challenges from local and international tax authorities.
- Preparation of all compulsory transfer pricing documentation to include intercompany agreements, local files and master files for both the Irish tax authority and international tax authorities.
- Helping you understand the consequences that the OECD's Base Eroision and Profit Shifting (BEPS) action plan can have on your group of companies.
- Providing health checks to identify risks or possible opportunities in your current transfer pricing policy.