UHY International's "Global Transfer Pricing Guide 2011"

Sept. 2, 2011 - PRLog -- The 128 page guide features a country-by-country summary of major transfer pricing requirements, including pricing methods, documentation and penalties for 77 countries.  Transfer pricing relates to the manner in which related parties transact business, including transfers of goods and services, development and use of intangible and tangible property, financing, etc.  Transfer pricing has taken on greater significance, not just in terms of complying with the rules in each country, but also as a planning tool in minimizing a multinational group’s global tax burden.  

“Since the first edition of the Global Transfer Pricing Guide in 2006, we have seen tremendous enthusiasm for this useful summary, especially in terms of how the rules differ from country to country,” said Joseph Fay Viota, Chair of the Tax Special Interest Group at the time the guide was conceived and whose firm, UHY Fay & Co. has published a comprehensive manual on transfer pricing in Spain.  “Having a guide that our member firms and clients can consult is a big help in demystifying transfer pricing and understanding what is involved in compliance,” offered Johannes Bitzer of Dr. Langenmayr GmbH in Munich, Germany.

“In meeting with multinational firms, one of the first topics to come up is transfer pricing and how UHY can assist with comprehensive advice across borders,” said Klaus Oehring, National Director of Transfer Pricing for UHY Advisors TX, LLC in Houston. This guide provides an overview of the governing statutes, how key concepts such as ‘arm’s length pricing’ are applied and the documentation required to be prepared and submitted to the tax authorities. “Transfer pricing has proved a very important area of planning as well as compliance for companies investing in Brazil, where the rules are notable for their differences from those developed by the OECD, and which are highlighted in the guide,” commented Diego Moreira of UHY Moreira in Brazil.  

“This updated guide reflects the commitment of UHY International member firms to outstanding cross-border tax advice and offers the possibility to connect with experts in the subject matter in each country, who are identified in the guide, “concluded John Wolfgang, Chair of UHY International.

You can access the publications here: http://www.uhy.com/media/PDFs/UHY%20Global%20Transfer%20P...

Notes for Editors:
The UHY Global Transfer Pricing Guide:
The material contained in this guide reflects rules in effect at September 2011.  Every effort has been made to ensure the facts in this booklet are correct at the time of going to press.  These details are intended for general guidance only.  Each individual country’s tax rates are continually changing, therefore, it is not possible to provide detailed rules on which to base specific action here.  When information is required on a country, reference may be made to the laws, regulations and tax treaties of the specific country, and a professional tax advisor should be consulted.  No responsibility can be accepted for loss occasioned to any person acting or refraining from acting as a result of any material in this publication.  

The contents of the UHY Global Transfer Pricing Guide have been carefully compiled by 77 individual member firms of UHY, an international network of independent accounting and consulting firms.  The tax partners and staff of UHY member firms throughout the world combine knowledge with regional, national and international skill sets to help our clients achieve further business success.  

About UHY :
UHY is proud to celebrate its 25th Anniversary in 2011. Established in 1986 and based in London, UK, UHY is a network of independent accounting and consulting firms with offices in nearly 240 major business centres in 78 countries. Over 6,300 staff generated an aggregate income of US$583 million in 2010, ranking UHY the 23rd largest international accounting and consultancy network. Each member of UHY is a legally separate and independent firm.  For further information on UHY please go to www.uhy.com.  UHY is a full member of the Forum of Firms, an association of international networks of accounting firms. For additional information on the Forum of Firms, visit www.forumoffirms.org

For more information on UHY, please contact Dominique Maeremans, marketing & business development manager, UHY International, Quadrant House, 4 Thomas More Square, London E1W 1YW, UK.  Tel: +44 20 7767 2621, or email: d.maeremans@uhy.com

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UHY is an international network of independent audit and consulting firms with offices in over 240 major business centres in 78 countries. UHY, in 2010, ranked among the top 25 international audit, accounting and consultancy networks.