TRANSFER PRICING (NOVEMBER 2018)

TRANSFER PRICING IN GEORGIA – ARE YOU TRADING AT ARM’S LENGTH?

What does the term “arm’s length” mean to you? The term is frequently used to describe the commercial and financial relations between independent parties when they engage in trading activities, and is usually synonymous with market conditions. However, when companies forming part of the same multinational group enter into intra-group transactions with each other, the commercial and financial conditions of the arrangement might be more in favor of one of the parties to the transaction.

© 2018 PwC Georgia

PwC is one of the world’s largest providers of assurance, tax, and business consulting services. PwC has been serving clients in Georgia since 1996, and in July 2005, opened an office in Tbilisi, which now employs over 60 professionals. We have built up our position as supplier of professional services operating with integrity in accordance with the highest ethical standards and, as a result, we now play an important role in developing the business community in Georgia.