We have worked hard to develop a new software product that takes the complicated process of performing an economic analysis / benchmarking study off your hands!
As a tax advisor, MNE or Local Entity you can create your own benchmarks by making arm’s-length analyses for tangible and intangible intra-group transactions, intra-group services and intra-group financing. The tool eliminates the need to purchase data from external data providers and makes searching easier thanks to pre-selected results and direct integration with your #transferpricing documentation system TPGenie.
The transfer pricing benchmarking software consists of four search engines. Each of them can be utilised for a different set of results:
- Comparable Companies in Europe and North America: Establish at arm’s-length remuneration using TNMM, Resale Minus and Cost Plus methods;
- Intermediary Financing Remuneration: Establish at arm’s-length remuneration for companies involved in Intermediary Financing and Cash Pooling activities using CUP method;
- Interest Rate: Establish at arm’s-length Interest Rate on Intercompany Loans using CUP method;
- Royalty: Estimate the market rate for Licensing of Intellectual Property and Service Fees using CUP method.
The transfer pricing benchmarking software can be utilised in two different ways.
- Integrated: As a multinational or as a local entity. The results such as Benchmark Excel can be directly included in your Local file for your entity(ies).
- Standalone: As a tax advisor. The system creates a package of files such as write-ups and Benchmark Excel which can be be shared with your clients.
The output can be fully customised to your needs including adding your corporate branding and company logo.