Voluntary Corporate Transfer Pricing Initiative Archives

Voluntary Corporate Transfer Pricing Initiative

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Hopping On the Bandwagon: New Jersey Division of Taxation Unveils Voluntary Transfer Pricing Initiative

June 24, 2022 By Maria Eberle, Lindsay LaCava and Dmitrii Gabrielov 4 Mins Read

New Jersey is the latest state to unveil a voluntary initiative to examine transfer pricing for taxpayers with intercompany transactions. The initiative is similar to recent programs in North Carolina, Indiana, and Louisiana (see our prior coverage here and here, as well as our prior coverage of the Multistate Tax Commission’s ongoing transfer pricing collaboration and enforcement initiatives). The New Jersey Division of Taxation published guidance outlining the voluntary transfer pricing initiative last week (NJ…

Louisiana Latest State to Institute Voluntary Transfer Pricing Audit Program

November 1, 2021 By Maria Eberle, Lindsay LaCava, Mark Yopp, Nicole Ford, Drew Hemmings and Dmitrii Gabrielov 3 Mins Read

Beginning November 1, 2021, the Louisiana Department of Revenue (“Department”) will be offering taxpayers the opportunity to participate in a voluntary transfer pricing “managed audit” program (the “Program”). Pursuant to a recently released Department information bulletin, the purpose of the Program is to: Create an efficient and expedited resolution for corporate tax audits when transfer pricing issues exist; andProvide certainty and uniformity to taxpayers on the resolution of transfer pricing issues for open audit periods…