COST ACCOUNTING
TRANSFER PRICING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The part of the TP documentation that contains information about the position of the taxpayer in the business group structure is
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Master File
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Local File
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Country by Country Reporting
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All true
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Explanation:
Detailed explanation-1: -The master file provides a global overview of the enterprise’s transfer pricing. It includes high level information about the company’s global operations and transfer pricing policy. The OECD has developed an outline of the information that should be included in the master file.
Detailed explanation-2: -The expression “transfer pricing” generally refers to prices of transactions between associated enterprises which may take place under conditions differing from those taking place between independent enterprises.
There is 1 question to complete.