What's the Deal with Local Files and Local Documentation?
05.13.2022 | Duration: 13:34
Exploring Transfer Pricing Episode 05-2022 | Is it Local? When it comes to country-specific transfer pricing reports, acclimate yourself to the local terminology, and don't get tripped up by the different titles and requirements.
Podcast overview
All Local Files are Local Documentation, but not all Local Documentation are Local Files. That being said, in certain countries, if you provide a Local File, that might meet your Local Documentation obligation. Wait, what?
When it comes to transfer pricing compliance, each jurisdiction sets their own rules for transfer pricing documentation. Fortunately, the OECD/G20 outlined specific guidance for what ought to be included in a "Local File" to promote global consistency.
Our host聽Brittany Hardin Tanguay聽is joined by聽Scott Nestberg,聽a Principal in the聽乐鱼（Leyu）体育官网 Transfer Pricing practice, and聽Anne Gualano, a Managing Director聽in the聽乐鱼（Leyu）体育官网 Transfer Pricing practice, and together they lay out some of the differences between OECD Local Files and other types of Local Documentation, and discuss some of the approaches and challenges to preparing these reports.
Meet our podcast team
Discover more podcast episodes in this series
More 乐鱼（Leyu）体育官网 Exploring transfer pricing podcast episodes
Explore more
Insight
Transfer Pricing
TaxNewsFlash-Transfer Pricing 鈥� 乐鱼（Leyu）体育官网's reports of transfer pricing developments from across the globe...
Insight
Global Transfer Pricing Review
Comprehensive information covering more than 100 countries and feedback on more than 200 questions covering local transfer pricing rules and regulations
Service
International tax, transfer pricing, and trade
For companies operating in multiple countries, understanding the consequences of tax planning decisions at a global level is essential to managing finance and achieving wider business goals.