What are your current database subscriptions?
- Bureau van Djik TP Catalyst – we have global access to the database which will cater to benchmarking studies required both in regional scope as well as domestic or local search. The TP Catalyst houses detailed company snapshots from both the publicly listed entities as well as private entities. Currently, TP Catalyst houses financial data of over 37M companies across the world.
- Bureau van Djik (BvD) TP Catalyst Loan Module – our subscription to TP Catalyst has additional tool which will allow us to support benchmarking searches for loan transactions.
- RoyaltyRange – We have access to license agreements that will serve benchmarking for royalty transactions.
Do you have plans for expansion?
We have ongoing recruitment efforts to attract transfer pricing specialists in order to increase the capability of the Center to cater its expanding market. Trainings are also continuously offered to our transfer pricing professionals in order to keep them abreast of the developments in transfer pricing practice.
We are currently looking for ways to expand our database subscriptions to cater to other fields in transfer pricing, example the financial transactions.
What are the usual industries being serviced by your firm?
We do not have a specific industry which we cater all the time but we have serviced multiple industries, both in the past and in the present. These are some of the industries we had handled:
- Telecommunications
- Business process outsourcing / Information technology / Shared Services
- Food manufacturing and distribution
- Automotive parts and services
- Industrial machinery manufacturing and distribution
- Chemical manufacturing and distribution
- Pharmaceutical
- Heavy machinery
- Real Estate
- Financial / Banking institutions
- Reinsurance / Captive insurance industry
Who are your usual markets?
We are serving the following countries:
- Asia Pacific – China, Vietnam, Thailand, Singapore, Philippines, Malaysia, Kazakhstan, Indonesia, Pakistan
- Europe – Germany, Belgium, Netherlands, Latvia, Poland
- Americas – USA
- Africa
Kindly tell us your service profile. What are the Manila TP Center’s capabilities?
- OECD – compliant TP Documentation (Local File, MasterFile, CbCr)
- Benchmarking Analysis
- Services (management, sales support, information technology, technical support, research and development, general and administration, marketing, etc.)
- Manufacturing (chemical, food & beverages, industrial machinery, medical equipment, etc.)
- Distribution (industrial machinery, auto parts and components, chemicals, medical equipment and medical devices, etc.)
- Royalty Transactions
- Loan Transactions
- TP Audit Support – assistance and support for transfer pricing related queries
- Other TP services – assistance in designing and implementing transfer pricing policy, assistance in completion of transfer pricing compliance returns (e.g. related party return forms), supply chain analysis, etc.
What are the usual transfer pricing methods you have utilized for your transfer pricing projects? Do you have experience of other complex transactions and niche industries?
We have considerable experience in TNMM analysis and CUP. As to industries, we have handled a few niche industries such as the reinsurance / captive insurance industry, and financial services / banking industry. Our portfolio varies from routine transactions to complex ones.
What is your timeline for delivery?
Our usual timeline for benchmarking analysis is 2 weeks up to 3 weeks (depending on the number of companies in the search set). For urgent benchmarking studies, we can deliver the result after 1 week, at an additional rate.
Can you please walk us through your work process?