Scope
Attend board meetings, understanding of the transfer pricing documentation and suggestions and recommendations as advice to the board of Directors.
Purpose
- To help board of Directors make their transfer pricing decisions in line with the arm’s length principle.
- To monitor their transfer pricing footprint.
- Reduce the impact of year-end adjustments.
- The board of directors can also demonstrate that it has the assistance of an independent expert to fulfil the qualification skills in line with substance requirements.
Deliverable
Memorandum.