We help design and implement Global TP Policy / review Agreements for Multinational Corporations. We also provide TP litigation support services.
Transfer Pricing compliance requirements by delivering meticulously prepared Documentation as per Local TP Regulations and global standards.
We assist in identifying gaps by providing health check up from Legal, Corporate and TP documentation perspective.
We have access to various public financial and company databases, industry and directories which assist us to render comprehensive TP analysis.
Persons engaged in transactions covered by the transfer pricing provisions are required to maintain the required documentation as prescribed by the Minister of Finance.
Any company undertaking related party transactions exceeding BWP 5 million should prepare the Master File. The head of tax agency can ask the taxpayer to submit the equivalent of an OECD Master file within seven days from the date of the request in cases when transactions with a connected person exceed BWP 5 million.
As per the regulations, the Local File is required to be prepared contemporaneously as it is to be filed together with the tax return on the prescribed return-filing date within four months of the end of the financial year.
The Commissioner General on 1 September 2021 issued a blanket ruling setting a threshold for the preparation and filing of transfer pricing documentation. The ruling exempts taxpayers from preparing and filing transfer pricing documentation in cases where the “cumulative arm’s length value” of connected party transactions in a tax year do not exceed BWP 5 million. The said ruling is effective retroactively from July 2019 (2020 tax year).
If aggregate arm’s length value of connected party transactions is less than BWP 5 million, there is no obligation to prepare and TP documentation.
TP documentation is to be prepared in English.
There is no requirement to prepare a CbCR.