Compliance Tracker

The Compliance Tracker is designed to provide an overview of transfer pricing and tax-related obligations across multiple jurisdictions. This module provides an exhaustive, up-to-date overview of TP requirements for every country worldwide, helping MNEs and Tax advisors stay on top of their compliance obligations.

Key Features

• Global Coverage: The Compliance Tracker includes data for all countries, covering numerous jurisdiction-specific Transfer Pricing and tax-related requirements. This includes essential dates, URLs to local tax authority portals, and country-specific references. The module is updated yearly.
• Customisable Data: While the Tracker uses generic data from third-party sources, it offers the flexibility to customise this information based on your group’s specific requirements. This ensures that your Transfer Pricing policies are accurately reflected.
• Risk Assessment: The module includes an automated risk assessment for each country based on your group’s activities, helping you identify potential compliance risks early.
• Yearly View: Starting from FY 2019, the Tracker allows you to view compliance data for any given fiscal year, enabling historical and forward-looking planning.

Customisation & Group-Specific Data

One of the standout features of the Compliance Tracker is its flexibility. Users can override the default country-specific data with their own group’s information. This includes custom deadlines, local filing requirements, and specific statuses for your group’s compliance deliverables, such as:

• Master File (MF) Completion
• Local File (LF) Completion
• TP Form Submission
• CbCR Notification and Filing

Custom fields can be edited directly within the module, with changes stored in your environment, ensuring that your customised data remains private and specific to your group.

Detailed Compliance Information

For each country, the Tracker presents a range of critical compliance information, including:

• Country and Region: Displays which jurisdiction the data refers to, along with detailed information.
• Activity Status: Indicates whether your group has active entities in a given country, based on the current fiscal year.
• Report Management: Details on the number of reports generated and their current status.
• Language Requirements: Information on whether TP documentation must be submitted in a specific language and whether TPGenie supports it by default.
• Compliance Deadlines: Easily track deadlines for various deliverables, such as Master File, Local File, TP Forms, and Country-by-Country Reporting (CbCR).

Additionally, the Tracker includes detailed descriptions of statutory financial requirements, corporate income tax return deadlines, and relevant tax rates, providing comprehensive visibility into your group’s obligations.

Pillar Two Data

The Compliance Tracker is also equipped to handle the complexities of OECD’s Pillar Two regulations, displaying relevant enactment statuses, income inclusion rules, and safe harbour provisions for each jurisdiction.

Summary Feature

The module provides a “Country Summary” field. Users can replace default content with group-specific transfer pricing legislation for each country. This information can be used in TPGenie reports, giving you full control over the compliance narrative in your documentation.

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