Transfer Pricing and Trade Compliance Survey Results

May 11, 2020



John McLoughlin

John McLoughlin

Principal, Trade & Customs Leader, KPMG US

+1 267-256-2614

Luca Bonardi

Luca Bonardi

Principal, Transfer Pricing Services, KPMG LLP

Tax and trade compliance departments are regularly juggling competing priorities relating to transfer price adjustments. To help benchmark the current environment, KPMG conducted a survey that included over 110 companies representing a range of industries and sizes. The survey provides insight into how companies handle, manage, and react to transfer pricing adjustments from a tax and customs perspective.  

Some high level findings include:

—   55 percent of companies made customs valuation adjustments after they made a transfer pricing adjustment.

—   20 percent of respondents reported that transfer pricing policies are coordinated to help reduce customs duty liability.

—   18 percent of respondents use automation to manage transfer pricing adjustments and customs valuation.

—   70 percent of respondents have a trade compliance group managing customs issues. 

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