Transfer pricing services
Why Transfer Pricing Matters for Multinational Groups?
Even though domestic transfer pricing rules of many countries are to some extent based on the OECD transfer pricing guidelines, those are far from being consistent. In addition to that comes practical application and interpretations applied by tax authorities. This is a major factor that drives the complexity for multinational groups to navigate the landscape.
Imagine your international group has multiple subsidiaries operating across different countries. These subsidiaries engage in various transactions, such as selling goods, providing services, arranging finance, or sharing intellectual property. The prices set for these transactions can significantly impact financials of standalone business units and, importantly, their compliance with tax regulations.
Here's why transfer pricing should not be taken lightly:
Compliance: Various countries have strict transfer pricing regulations to ensure fair taxation. Non-compliance can result in penalties, legal issues, and reputational damage.
Optimizing Tax Liabilities: Careful transfer pricing strategies can help you minimize tax liabilities within the bounds of the law.
Risk Mitigation: Inconsistent transfer pricing practices can lead to disputes with tax authorities and in some cases even shareholders, causing financial uncertainty and potential legal battles.
Operational Efficiency: Effective transfer pricing can streamline intercompany transactions and enhance operational efficiency.
Strategic Decision-Making: Accurate transfer pricing data provides insights for informed strategic decisions and sustainable growth.
How We Can Help?
At Merhels, we specialize in international transfer pricing, offering comprehensive services to guide your multinational group effectively, efficiently, and economically.
Why work with us?
Expertise: We understand the intricacies of international transfer pricing and stay up-to-date with evolving regulations, ensuring your compliance and tax efficiency.
Customized Solutions: We work closely with your group to create transfer pricing strategies tailored to your specific needs and goals.
Efficiency: We work to ensure a smooth, pleasant, and cost-effective client experience.
Risk Management: We help you navigate the regulatory landscape, reducing the risk of disputes and costly penalties.
Strategic Insight: We provide insights into your transfer pricing that can support your international group's long-term strategy and success.
Commitment and Transparency: We are highly motivated to solve complex matters, whilst maintaining down-to-earth attitude and dealing with clients honestly.
Contact person:
Edvards Merhels
Managing partner
Certified Auditor, FCCA
edvards@merhels.lv
Briefly about Edvards
Edvards has been in the business of auditing since 1994. Until September 1998, when Merhels was founded, he worked in the Riga office of a large international audit firm, primarily being involved in the audits of commercial banks. Since autumn 1999, Edvards has been accredited as a Latvian certified auditor. In 2000, he became a member of the Association of Chartered Certified Accountants (FCCA).
While Edvards has participated in various audit and advisory engagements to a diverse range of organisations, he feels most inspired in handling transaction advisory related engagements, for example, financial due diligences and business valuations. His other fields of activity inter-alia include statutory valuations of in-kind contributions, forensic investigations, corporate taxation of companies, transfer pricing and assessment of economic losses.
Until 2010 Edvards was a long standing member of the Quality Assurance Committee at the Latvian Association of Certified Auditors.
Service lines
Audit, transaction support, financial advisory, computation of economic losses, strategic services, transfer pricing
Languages
Latvian, English, Russian
Track record:
100+ transfer pricing engagements
