TPA German BRICS+ Desk

TPA German BRICS+ Desk
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TPA German BRICS+ Desk
December 22nd, 2015
What the BRICS countries do for German Multinationals has a significant economic relevance – at least 1,800 German corporates already have a presence in India, and in Russia one may find 6,000 active corporates with a German origin. Next to these countries, some important markets for the German business community exist, such as Mexico, Turkey, Singapore or Indonesia.

What the BRICS countries do for German Multinationals has a significant economic relevance – at least 1,800 German corporates already have a presence in India, and in Russia one may find 6,000 active corporates with a German origin. Next to these countries, some important markets for the German business community exist, such as Mexico, Turkey, Singapore or Indonesia.
    
BRICS+ countries show, next to their attractive markets, challenging legal frameworks and location factors. The legal and tax framework is generally not an easy one to work with, and local Transfer Pricing, VAT and customs regimes significantly differ from the ones of developed countries, representing a challenge for the German multinationals more familiar with OECD and WCO conditions. Actual economic downturn situations in these emerging countries (e.g. a monetary decay) provide new and significant challenges for corporations.

Critical for a consistent and defendable Tax, Transfer Pricing and Customs policy is that all group transactions follow the local requirements in both the jurisdiction of the entity providing compensation for the transaction and in the jurisdiction of the entity receiving this compensation.

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TPA German BRICS+ Desk
; posted on
December 22nd, 2015
What the BRICS countries do for German Multinationals has a significant economic relevance – at least 1,800 German corporates already have a presence in India, and in Russia one may find 6,000 active corporates with a German origin. Next to these countries, some important markets for the German business community exist, such as Mexico, Turkey, Singapore or Indonesia.
TPA German BRICS+ Desk

TPA German BRICS Desk coordinates centrally all questions in these countries, while also wielding a unique expertise in German territory. It also coordinates the local know-how of the TPA Global experts around the globe and brings the TPA service portfolio together at a central point – a unique one stop shop for multinationals with global activities.

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