Let our experts take care of your company's transfer pricing documentation!
Our focus is on your business!
Did you know that the lack of transfer pricing documentation can result in fines of several million forints? Let our experts handle the documentation of your company's transfer pricing records, so you can confidently focus on the success of your business!
More than 200 companies have already chosen our services.
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We know your challenges
We will truly be your strategic partners in the future!
Find out what challenges are typically faced by the companies we can help.
Avoid multi-million forint fines!
The absence or inaccuracy of transfer pricing documentation can result in fines of up to HUF 5 million per record. As of 2022, it is mandatory to report certain transfer pricing data in the corporate tax return, and failure to comply or incorrect submission may be subject to a fine of HUF 1 million. Therefore, in the case of four transactions, the lack of documentation and data reporting can lead to fines totaling up to HUF 21 million.
Do you know if you are obliged?
Uncertain whether your company is subject to the requirement? Let us find out for you. Transfer pricing documentation is mandatory for companies whose group, as of the last day of the tax year, employs more than 50 people, or whose revenue or balance sheet total exceeds EUR 10 million. Starting from the 2022 financial year, the documentation obligation also applies to intra-group transactions with a value of at least HUF 100 million.
Uncertain about related-party status? What does a related-party relationship mean?
A related-party relationship exists when two or more entities are connected through legal or economic ties in such a way that one party is in a position to influence the business decisions of the other.
This can take various forms, for example:
- Through ownership structure, for example when one company holds a majority stake in another.
- Through control rights, when the management of one company directly or indirectly controls another business entity.
- Through common management or executive involvement, meaning the same person or group manages multiple companies.
Determining related-party relationships is crucial for transfer pricing documentation, as transactions between such entities must comply with the arm’s length principle in order to avoid tax authority penalties.
With decades of experience and in-depth knowledge of relevant regulations, our experts will determine whether a related-party relationship exists between your companies—forming the basis for proper transfer pricing documentation. Don’t risk penalties—let us help you clarify your situation.
Want to be sure of your transfer pricing obligations?
With years of experience, liability insurance and effective communication, we ensure that you will fully comply with your transfer pricing documentation obligations.
We can help you achieve your goals
How can we help?
Complete transfer pricing documentation (Master document - Master file - and Local document - Local file)
Transfer pricing documentation update
Examination of connectivity relationships
Examination of liability
Professional support in administrative enquiries
Transfer pricing consultancy
We understand your needs!
Why should you choose us?
Years of experience, targeted expertise
We have years of professional experience and an international perspective on transfer pricing regulations. Our experts are dedicated specialists who focus exclusively on transfer pricing, allowing you to concentrate on your core business while we prepare the complete documentation.
Comprehensive support in transfer pricing documentation
From preliminary analysis to documentation preparation and support during tax authority audits, you can rely on us at every step of the process. Whether it's compiling new documentation or updating existing records, we provide comprehensive professional support.
Reliability
We carry out our work with the utmost care and precision, ensuring transparency and compliance with the law. Our clients can be confident that all our documents comply with local and international regulations and are produced to the highest possible standards. We keep you up to date at every stage of the process through ongoing communication and regular reports.
Data protection
We handle your financial and personal data securely and reliably and comply with data protection regulations. Our in-house IT experts guarantee your data security.
Customized solution
Every business is unique, so we tailor our services to your needs. We will conduct a detailed analysis to understand your company's specific needs, and use this to develop the most appropriate transfer pricing strategy and documentation. We guarantee that the documentation will always accurately reflect your business and market environment.
International support – in English
Upon request, our experts provide communication and documentation in English, and we are also happy to coordinate directly with the management of foreign parent companies.
Details
Leave the transfer pricing documentation to experienced experts!
Preparing transfer pricing documentation is a complex and time-consuming task that requires precision and up-to-date knowledge of regulations. Our experienced specialists offer full support—whether you need new documentation, updates to existing materials, or a thorough review. We also provide risk assessment and transfer pricing advisory services to ensure your business remains compliant and avoids penalties. Leave the details to us!
Choose safety!
Tasks
How we will work for you
Project kick-off consultation
The first step is a consultation meeting where we will get to know your business, your business model and your transfer pricing needs. At this meeting, we will go over the necessary documents and data, and set a timeframe for the project.
Data collection and analysis
After the consultation, we will start collecting data. We will ask you for financial data, contracts, pricing documents and other relevant information. This data will be analysed thoroughly to get an accurate picture of your company's internal transactions and market position.
Benchmark analysis
Based on the data we collect, we perform a benchmark analysis comparing your company's transactions with market averages. This will help you determine whether the prices your company is charging are in line with normal market prices. The analysis takes into account industry specificities and the latest market data.
Preparation of documentation
We use the results of the benchmark analysis to prepare transfer pricing documentation. This will include all the necessary analysis and justification to support the prices applied by the company. The documentation will be reviewed and, if necessary, modified based on your feedback.
Internal audit and quality control
Before we hand over the final documentation to you, we will conduct an internal audit to ensure the accuracy and compliance of the document. This step ensures that all aspects of the documentation comply with local and international standards.
Transfer of documentation
After the audit, we will provide you with the final transfer pricing documentation. If required, we will give you a presentation of the document and answer any questions you may have.
Ongoing support and updates:
We won't leave you alone even after the documentation has been handed over. We provide ongoing support to ensure that the documentation is up-to-date and compliant with changing legislation. We also offer annual reviews and updates to ensure your business is always prepared.
Tax administration audit support
We provide full support in the event of an audit by the tax authorities. We can help you communicate with the authorities, prepare your data and answer any questions you may have to minimise the risks of an audit.
Learn more about our Company!
Our Group in numbers
175+
Professionals in our group
50+
Professional publication per year
15+
Years professional experience
350+
Satisfied clientels
Contact
Contact us!
Our colleagues in 24 hours will provide you with further details.
91-93. Budafoki út, Budapest, 1117
IP West Office Building 4th Floor
Testimonials
Our clients said
Tax optimization
Enikő Bakó
CEO - Pan–Italia Kft.
Accounting
We chose ICT as our accountancy firm 7 years ago, we were welcomed by a professional team and the transition was smooth. Their professionalism, reliability and excellent communication have made this a balanced and harmonious partnership, whether it be for labour, payroll, accounting or tax. We work together in perfect harmony and seamlessly. As we operate a paperless office, we are happy to use the online system to upload documents, which supports our work with a wide range of statements and planning options.
Judit Bóna
CEO - Com-Forth Ipari Informatikai Kft.
General ledger
We switched from the risk of a small accountancy firm to the security of a professional accountancy firm. They created a structured order. They created security for accounting data. They anticipate the potential tax risks and tax benefits of each transaction. They provide fast and professional assistance in dealing with the tax authorities.
Róbert Kolonics
CFO - MICRO-TOP Kft.
Accounting
As a manager of a small business, I would never have imagined that "accounting" as a service could be run professionally, with responsibility! But I found what I thought did not exist!
Gábor Majoros
CEO - Enertech Hungária Kft.
Complex services
I like to work with you because, despite the fact that our company is not a simple structure (parent company in a 3rd country with a branch in another member state) and has a diverse supplier and customer base (domestic, EU and 3rd country), you are prepared, communicative, legally sound and up-to-date in your accounting tasks. It is a pleasure for me to be able to sit back and concentrate on other professional or managerial tasks!
Enrico Mák
CEO - Merico Zrt.
Complex services
Looking back on several years of successful and fruitful cooperation with ICT, I can confidently say that every day we confirm that it was the best decision to entrust our accounting, payroll and other consulting tasks to this team. The precise, accurate and comprehensive expertise that is concentrated in ICT is, for me, exemplary and respectable, and has been confirmed by many partners besides us. No doubt, we will continue to work with the ICT team in the future!
Bálint Farkas
CEO - Geodézia Zrt.
More services
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Employment due diligence is carried out by experienced legal partners and payroll specialists who work with more than 250 partners from all industries every month. This guarantees that we can offer effective solutions to your problems.
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FAQ
Frequently Asked Questions
We've been providing tax advice for over a decade, and we've worked with over 100 companies, so many questions have come up. We've put together the most important ones so you don't have to, and to make our service completely transparent.
What is transfer pricing?
Transfer price is the price applied between related enterprises for goods, services, intangible assets or financial transactions. Transfer prices are designed to ensure that transactions between companies are at market prices and meet the expectations of the tax authorities.
Why is transfer pricing documentation important?
Transfer pricing documentation is mandatory for related companies and is designed to demonstrate that transactions are at arm's length. Failure to do so may result in a fine by the tax authorities and a tax base adjustment.
What are the consequences of incorrect transfer pricing?
If a company does not apply transfer pricing correctly or does not prepare the necessary documentation, it can face heavy fines, tax base adjustments and other penalties. In addition, the risk of being audited by the tax authorities increases.
How often should transfer pricing documentation be updated?
Transfer pricing documentation should be updated annually to reflect current market conditions and legal requirements. If there is a significant change in the life of the company, the documentation must be updated immediately.
How does ICT Europe help manage transfer pricing?
ICT Europe's experts can help you prepare transfer pricing documentation, ensure it complies with legislation and ensure that your company is exposed to as little risk as possible. We also advise on the optimal transfer pricing policy.
