Your first Local File
You need documentation for transactions with related parties.
Transfer pricing / Service
Transfer Pricing Documentation
Documentation that explains the business context of a transaction and connects the narrative with the financial data.
Scope agreed before work beginsData, analysis and discussion
The deliverable
Local File documentation
- Transaction
- Functions and risks
- Financial data
A report with an explanation of the approach taken.
Who it’s for
Support shaped by your transactions.
For businesses preparing or updating Local Files for transactions with related parties.
Updating documentation
You have existing documentation, but the transactions or data have changed.
Organising information
You want to connect the business narrative, agreements and financial records in a coherent document.
Scope of support
What the work covers.
Each transaction has its own context. We agree the scope and organise the business narrative and supporting data.
Let’s define your project scope01Identify transactions and documentation scope
We review the related-party transactions and agree which will be covered by the documentation.
02Analyse functions, assets and risks
We describe the parties’ functions, the assets used and the risks associated with the transactions.
03Document the transactions and financial data
We connect the business description with agreements, transaction records and the financial information provided.
04Review consistency across the documentation
We review the consistency of the document and identify matters that need clarification.
We agree any need for a separate benchmarking analysis or TPR support when defining the engagement.
Deliverables
The report. And the context.
01 / Report
Local File documentation
Documentation for the agreed transactions, covering the business context, functional analysis and financial information.
- Business context
- Functional analysis
- Financial information
02 / Discussion
Room for questions.
We discuss the assumptions, findings and limitations of the report, and identify points that need further consideration.
Getting started
What to have ready.
Group entities and transaction overview
Agreements, transaction records and financial data
Existing transfer pricing documentation, if available
You do not need everything before our first conversation. We will tailor the data request to the agreed scope.
Working together
A clear process. A shared goal.
Discussion and purpose
We establish the context, scope and approach.
Data and assumptions
We organise the information needed for the analysis.
Analysis
We select an approach and review the conclusions.
Results and discussion
We deliver the report and explain its assumptions.
The people behind the analysis
Talk to people who understand your challenge.
Tax knowledge, transaction experience and a financial perspective. Meet experts from the ILT team.
Partner · tax adviser
Michał Kordiak
Specialises in transfer pricing, international taxation, financial modelling and valuations.
Court-appointed valuation expert
Talk to Michał ↗
Transfer Pricing Manager · attorney-at-law
Neil Kuczyński
Advises on transfer pricing policies, Local File and Master File documentation, benchmarking analyses and TPR reporting.
Talk to Neil ↗Analytical resources
Data selected for the transaction.
If the engagement includes benchmarking, we select sources to suit the transaction. TP Catalyst is also used by the Polish tax administration.
Explore our databasesFinding and comparing companies’ financial data.
Financial and business information on companies.
FAQ
Before our first conversation.
Can you work with our existing documentation?
Yes. We review its scope, the currency of the data and any changes to the transactions, then agree which sections need further work.
Is benchmarking included in the engagement?
We agree the documentation and analytical scope at the outset. If a separate analysis is needed, we include it in the proposed engagement.
Start a conversation
Let’s look at your situation.
Tell us about a planned transaction or a challenge. Together, we will determine the scope of the analysis you need.