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published on 11 November 2020 | reading time approx. 2 minutes
Digitalisation is fundamentally changing the way we work. No organisation can escape this transformation. We, the attorneys, tax advisers and auditors at Rödl & Partner, are also affected.
Our future corporate success depends on how consistently we implement the digital transformation throughout our company and its tax departments. We want to be the pioneer and offer our clients new, innovative advisory approaches at the gateway between technology, process and expertise.
Position the fundamental orientation of your company and business area at the centre of the digital transformation. Shed new light on your business model, strategy and processes.
The objective is not to change the “framework” of your company, but rather to transfer your core values and thereby establish a new digital framework. This implies that a target and performance comparison is in order, followed by the integral implementation throughout the organisation. Let us together realize the vision – digitalisation.
But how? A large number of recurring and standardisable processes will be automated. Thus, the employees of the tax department will have the opportunity to focus their entire attention on the evaluation of more crucial content and strategic activities. Process experts, highly qualified tax experts and IT experts will work closely together as business partners to ensure transparency, tax compliance and efficiency.
Our commitment is to support our clients on their way to a digital tax department, with procedure and expertise, and above all with a healthy dose of pragmatism. The key to successful digitalisation is an understanding of the plentiful possibilities – allow us to show you!
The BEPS Action Plan of the OECD has focused on transfer pricing as a tax planning instrument and has issued comprehensive documentation requirements. The new requirements offer the opportunity to realign the process of creating transfer pricing documentation and to combine it with the extensive possibilities of digitalisation. We should seize this opportunity together to make the process more efficient and transparent.
The digitalisation options for the preparation of transfer pricing documentation depend largely on the legal framework of the countries and the organisation of the processes. The new era of the OECD’s uniform guidelines for the preparation of transfer pricing guidelines allows the derivation of standardisable structures and recurring processes. This modification can increase the degree of digitalisation of the creation process and avoid inconsistencies and time-consuming coordination processes. As a result, your organisation’s tax compliance improves exponentially.
We, Rödl & Partner, have bundled this potential of transfer pricing documentation in the TP Factory for you, in order to move one step closer to the elimination of time-consuming routine activities. In doing so, we have not ignored the key success factors for a global transfer pricing documentation:
All this united in our GLOBAL APPROACH.
The TP Factory combines our experience from numerous global transfer pricing documentation projects and ensures that your transfer pricing documentation is implemented efficiently and consistently.
How the tool developed by Rödl & Partner works can be seen in the following video:
Digitalisation is fundamentally changing our working world. No tax department can evade it. With the Global Approach and the TP Factory, Rödl & Partner already offers the possibility to fundamentally change the way transfer pricing documentation is created. More »
Heiko Preisser
Partner
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Transfer Pricing Documentation: Efficiency and Transparency through Digitalisation
