The purpose of a benchmarking study is to identify whether tested related party transactions comply with the arm’s length principle by identifying and using sources of comparable information about companies, prices and margins.
You need assistance with managing transfer pricing risk by providing support that price/profitability levels realised in related party transactions are comparable to market/internal comparables.
Providing appropriate comparable information for verification of the applied transfer pricing method for verifying whether related party transactions are at arm’s length;
Assistance in identifying the arm’s length range of prices/profitability levels of the transactions by benchmarking these against adequate market comparables and documenting appropriately the methodology and results of the benchmarking;
Assistance in communicating the result of benchmarking analysis to the Tax Authorities.