J.O. Tabalba & Co. helps businesses organise and document the facts behind related-party transactions. Requirements depend on applicable Philippine tax rules, thresholds, transaction types and circumstances. A related-party transaction does not automatically mean full transfer pricing documentation is required.
What We Help With
- Review and profiling of related parties and covered transactions
- Functional analysis of activities, assets used and risks assumed
- Preparation or review of transfer pricing documentation
- Review of accounting schedules, intercompany balances and transaction agreements
- Economic or benchmarking support where appropriate and agreed, considering data availability
- Coordination with management on documentation gaps and supporting information
Who This Is For
Philippine companies with domestic or cross-border related-party dealings may need documentation, a review of an existing report, or help assembling records for a wider group analysis. We can coordinate with a local finance team, overseas parent or the group's advisers.
How the Engagement Works
- Understand the group, transactions, reporting period and purpose of the work
- Assess the applicable documentation requirements and agree the analysis and deliverables
- Review agreements and accounting records and discuss functions with relevant personnel
- Prepare or review documentation, resolve factual questions and discuss findings with management
What We Typically Need
Please provide the group structure, related-party list, transaction values and agreements, financial statements, segmented schedules if available, existing transfer pricing policies and any prior documentation. Management interviews help explain how transactions operate in practice, not only how they are recorded.
Frequently Asked Questions
Who may need transfer pricing documentation?
Applicability is assessed using the taxpayer's circumstances, transaction types and the current Philippine rules and thresholds. We do not treat every related-party balance as an automatic requirement for a full report.
What if our records do not separate related-party transactions?
We first identify available ledgers, agreements and management schedules. Reconstructing or reconciling transaction information may need to be agreed before the documentation work can proceed.
Can you work with an overseas parent or related company?
Yes. We can coordinate information and discuss the Philippine entity's records alongside group policies. Local documentation still needs to reflect the actual transactions and relevant requirements.
Can you review an existing TPD?
Yes. The review can consider whether its facts, analysis and supporting schedules match the agreed period and transactions, with any additional work scoped after the initial assessment.
Can this be separate from regular accounting?
Yes. It can be a standalone engagement. Documentation supports the business's position but does not guarantee acceptance by a tax authority or a particular assessment outcome.
Related Services
Related Industries
Discuss Your Requirements
Tell us your business type, current accounting or compliance setup, and the service you need. We will discuss the records and scope with you before agreeing the engagement.
Discuss Your Requirements