How Accounting Firms Can Support Clients with Transfer Pricing and VAT: Key Training Questions

• Recent changes in transfer pricing and VAT have impacted accounting practices, especially for related entities.
• Both large capital groups and SMEs are under increased scrutiny from tax authorities.
• Accounting firms play a crucial role in ensuring tax compliance and avoiding penalties.
• Transfer pricing adjustments can affect VAT, with different EU countries having varied approaches.
• In Poland, VAT implications depend on whether adjustments relate to specific transactions or profitability alignment.
• The EU Court of Justice may soon provide further guidance on transfer pricing and VAT relations.
• Accounting firms face challenges in supporting clients with compliance without providing tax advisory services.
• Common questions include documentation requirements for related entities, low-value transactions, and personal connections.
• There is uncertainty about VAT treatment for invoices from related entities and management services without contracts.

Source: mddp.pl

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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