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.

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.