Streamline Your Pricing Transactions in the Philippines
Manila Bookkeepers Helps Guarantee The Fair Prices of Local and Foreign Enterprises According To The Local Government Regulations
Our Transfer Pricing Accounting Services
At Manila Bookkeepers, we help multinational companies determine the price of their goods, services, or intellectual properties between countries. This process is crucial for fair taxation, ensuring each unit is taxed appropriately based on its economic contribution. We provide the following services for your transfer pricing needs:
Review of Existing Policies and Processes
We assess how transactions between affiliated entities are priced. In turn, we recommend adjustments or improvements to enhance efficiency and address identified issues.
Preparation of Documentation and Attachments
Our firm updates the documents of your company’s transfer your company’s
Comparability Analysis and Benchmarking
Manila Bookkeepers evaluates and compares your company’s transactions with companies in the same industry.
Transfer Systems and Methods Selection
After assessing the methods of your methods, we choose the suitable transfer pricing systems for each type of transaction.
Preparation of Intercompany Contracts and Agreements
We assist in reviewing, drafting, and restructuring agreements to align the company’s transfer pricing policies with local regulations.
Interested in any of these transfer pricing services? Let’s talk about it!
How Transfer Pricing Works
Understanding the Arm’s Length Principle
The Arm’s Length Principle is considered the cornerstone of transfer pricing. The concept guarantees that businesses set prices for transactions between related companies as if they were unrelated entities. Its goal is to prevent companies from manipulating prices to avoid fair taxation.
An Overview of Transfer Pricing Methods
There are multiple methods to align your company’s prices with the arm’s length principle. The choice depends on the nature of transactions and the availability of comparable data in the market. Some enterprises often use combinations to attain a more reliable transfer pricing strategy.
Resale Price Method (RPM)
When a company buys a product from another to resell, this method is employed. It involves setting the transfer price based on a percentage markup on the product’s resale price.
Profit Split Method (PSM)
In this method, related entities allocate profits based on their respective contribution to the value creation. This is typically employed when multiple entities collaborate on a product or service.
Cost Plus Method (CPM)
The transfer price is determined by adding markup to the value of a product or service by considering the cost of production.
Comparable Uncontrollable Price (CUP) Method
CUP method involves comparing the price of a product or service between related parties with the price in the open market.
Transactional Net Margin Method (TNMM)
This determines the transfer price by comparing the net profit margin of a related party with the net profit margin of competitors in similar transactions.
Getting Started
Choose A Package
Select a package that fits your needs. We also offer tailored services, ensuring that we have the right solution for your representative office’s needs.
Contact Us
Reach out via email or message. Our experienced team is ready to answer your questions and provide effective solutions for your business registration needs in the Philippines.
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Connect with our team online to discuss your specific requirements, standards, and expectations.
Sign Up and Engage
Once you’re ready, sign up with Manila Bookkeepers, and let’s start the journey of establishing your business presence with a representative office in the Philippines.
Our Commitment to Excellence
Decades of Industry Experience
With over two decades of experience in finance and accounting, Manila Bookkeepers brings unparalleled expertise to your financial management and business registration needs.
Our experienced team makes sure your company complies with all tax laws and regulations
Recognized as a trusted business partner in the Philippines for establishing a business entity in the country, we specialize in local tax compliance services, ensuring our clients’ accuracy and peace of mind.
Success Stories
Learn how our tax services have helped businesses thrive in the Philippines.
work with us
Go beyond borders and register your business in the Philippines. With more than a decade of experience in the industry, our team of trusted and experienced accountants will guide you through the entire process.
Advantages of Transfer Pricing
When dealing with a new market, professionals can help you navigate through the complexities and ensure fair prices based on the product’s economic distribution.
Competitive Advantage
When your company has sound transfer pricing strategies, you can have an edge for customers, investors, and other stakeholders. You can generate higher profits and position your company in the global market.
Risk mitigation
Experts can look into your existing policies and identify potential risks. When you consider transfer pricing, you can make strides to address concerns and avoid the risk of penalties or disputes.
Legal compliance
Adopting sound transfer pricing practices ensures that you abide with the local tax laws and regulations. This reduces the likelihood of your company to be involved in legal challenges with tax authorities.
Enhanced internal transparency and coordination
Transfer pricing can ensure that all of your departments maintain consistent values for your products. Moreover, it encourages collaboration between different units within your enterprise.
Income tax and duty cost reduction
Since transfer pricing allows departments to offer products at a lower rate, it’s also reflected in the overall cost of the product. In turn, this leads to more competitive values and balanced profits.
Let Manila Bookkeepers Help You with Your Transfer Pricing Needs
Want to find a trusted partner for your global business here in the Philippines? Manila Bookkeepers can assist you in complying with local tax rules and regulations. Thanks to our 20 years of experience!
Apart from providing transfer pricing solutions, we can help with your other accounting concerns. Let’s work together to ensure the efficiency and compliance of your business in the country!
Explore Our Range of Services
Tax Services
Expert assistance in tax planning and compliance, ensuring you meet all regulatory requirements.
Accounting Services
This includes account supervision, financial reporting, and bookkeeping for effective financial management.
CFO Services
High-level financial strategy and management services for your business's growth.
Management Accounting Services
Tailored management accounting solutions to help you make informed business decisions.
Transfer Pricing Services
Navigating complex transfer pricing regulations to optimize your tax position.
PEZA/BOI Registration
Expertise in registering with the Philippine Economic Zone Authority and Board of Investments.