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Tipi Tips #1:
What is transfer pricing?
In our first Tipi Tips video, we explain the basic concept of transfer pricing, and relate it to an everyday example.
Transfer pricing is the setting of a price for a transaction between parties that know each other.
Imagine that you are selling apples on a market. You ask a certain price per kilo for the apples, which is the cost price plus a bit of profit for yourself. At one point your uncle visits your stand to buy some apples, and you give him a special family discount. An ordinary person would not get a discount like that. In short, you charge a different price to someone you are related to than someone to whom you are not. When dealing with two companies which are related to each other, it’s the exact same thing. Setting a price for a transaction between two related companies, or again, a transaction between parties that know each other, that is what we call transfer pricing.
Transfer pricing made easy
Tipi's mission is to explain the field of transfer pricing to you in a transparent and simple manner. We deliver on this mission with expertise, experience and our unique approach. We expose all transfer pricing concepts (and secrets) in our database. Here you can learn the basics of transfer pricing for your business, and get an idea of the work we do to help you navigate the transfer pricing field.
Our transfer pricing services can be divided into three phases in which we can help:
Build your tax image
Tax Transparency Report: improve your company's tax image
Accountability
Clear and simple documentation afterwards
Let us inform you about the possibilities
Transfer pricing is the future of international taxation. Let us discuss how we can future-proof your business.
Vincent Maessen
Founder Tipi Consultancy