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Watch our webinar to get an update on the current UK and EU transfer pricing trends, UK documentation requirements, and how you can manage this digitally.
2022 became a time of uncertainty, with many factors playing a negative role. Most multinational corporations face the reality of high inflation, fluctuating FX rates, disturbed supply chains, sanctions, and war.
More and more countries are implementing and enhancing their transfer pricing regimes, compounded by the fact that some follow the OECD Guidelines to different extents and interpret the guidelines differently.
Several benefits arise from digitalizing your transfer pricing processes in addition to the obvious financial savings: improved management practices, control over the process, reduced PR risks through better compliance, and preparedness for upcoming legislative changes. These are factors that every company should consider in addition to direct economic impact.
As we discussed some time ago in another blog post, implementing an operational transfer pricing solution can help bring your efficiency and level of control to the next level. However, while digitalization and automation are clearly the future of transfer pricing (and, broadly, cross-border business management), there is always a question - where do you start and how to prioritize various digitalization options?
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