- Companies face challenges in aligning customs and transfer pricing policies in international markets
- Inconsistencies can lead to tax, operational, and financial risks
- Collaboration between customs and transfer pricing departments is crucial for managing risks and ensuring compliance
- Key considerations include aligning documentation, identifying relationships, ensuring relevant benchmarking, and incorporating customs duties
- Trade wars and changes in customs policy create uncertainty and challenges for international corporate groups
- Companies must monitor and adapt transfer pricing policies to reflect new tariff rates and address customs-related matters in agreements
- Changes in margins, supply routes, or economic functions may require reassessment of functions, risks, and assets
- Consulting experts is advisable for tailoring strategies to the evolving regulatory landscape
- Increases in customs tariffs can affect profitability and may require transfer pricing adjustments to align with the arm’s length principle
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.
