What is Smart TPD good for?

What is ?

Transfer pricing documentation obligation

>Larger groups of companies must prepare transfer pricing documentation on their related party transactions and update the TP reports every year.  

>The main purpose of the transfer pricing documentation is to analyse the arm's length nature of the transfer price applied among related parties and to document this analysis in accordance with the legal requirements.

Online platform, automated environment

>Smart TPD provides an innovative online platform to meet this obligation from a Hungarian tax perspective. 

>This platform allows related companies to create a complete transfer pricing documentation in Hungarian and/or English in an automated environment, with clear guidelines and by providing and uploading the information required for the documentation.

>Smart TPD provides automatic access for the preparation of master file, local file and database search based on company-level data applying the Crefoport database (other databases can be used on request!).

What are the benefits of ?

What are the benefits of Smart TPD?

24/7 availability

The Smart TPD online platform can be used 24/7. 

On the one hand, this solution allows for easy and flexible handling of cases where transfer pricing documentation needs to be prepared quickly.

On the other hand, there is no need to involve a consultant (the group can keep the preparation of transfer pricing documentation in-house if required), which simplifies the process.

Smart

Due to the automated environment of the online platform, only the most essential data has to be provided and uploaded in order to complete the full documentation.

In most cases, the data can be provided from a drop-down bar, by selecting predefined answers and/or by a single click. 

Questions and guidelines are available to help the user with the text explanation, and for some topics documents can be uploaded either (e.g. group structure, organisational chart).

Cost-effective

Due to the online platform and automated environment, transfer pricing documentation can be prepared and updated annually cost-effectively. 

The cost-effective use of Smart TPD is further supported by the different usage modes and packages.

How and under what conditions can Smart TPD be used?

What are the options and conditions of using ?

Smart TPD packages
Bronze
package
Silver
package
Gold
package

Preparation of TP documentation

>user applying Smart TPD
>user applying Smart TPD
> our TP expert applying Smart TPD

Advisory support

>guidelines for using the Smart TPD
>guidelines for using the Smart TPD

>TPD peer review and sharing of recommendations through online consultation
>covering the entire process

Time required

>depends on the user's experience
> depends on the user's experience
> user: about 2-3 hours on average

> advisory side: about 2-3 working days on average

(depends on the complexity of the group of companies and the related transaction(s))

Remuneration

> HUF 150,000 (net of VAT) / controlled transaction type

(in case of a related party transaction type not previously documented on Smart TPD)

> HUF 70,000 (net of VAT) / controlled transaction type

(in case of a related party transaction type already documented on Smart TPD)


Use of a database other than Crefoport is subject to a separate fee!
> HUF 250,000 (net of VAT) / controlled transaction type

(in case of a related party transaction type not previously documented on Smart TPD)

> HUF 100,000 (net of VAT) / controlled transaction type

(in case of a related party transaction type already documented on Smart TPD and previously reviewed by our TP expert)


Use of a database other than Crefoport is subject to a separate fee!
>HUF 450,000 (net of VAT) / controlled transaction type

(in case of a related party transaction type not previously documented on Smart TPD)

> HUF 180,000 (net of VAT) / controlled transaction type

(in case of a related party transaction type previously documented by our TP expert on Smart TPD)


Use of a database other than Crefoport is subject to a separate fee!

Who is the package recommended for?

>for those who have the experience and internal resources
>for those who have the experience and internal resources, but would like to have a professional review
>for those who do not have the experience and/or internal resources

What are the options and conditions of using ?

How and under what conditions can Smart TPD be used?

Smart TPD packages

Bronze
package

Preparation of TP documentation

>user applying Smart TPD

Advisory support

>guidelines for using the Smart TPD

Time required

>depends on the user's experience

Remuneration

> HUF 150,000 (net of VAT) / controlled transaction type

(in case of a related party transaction type not previously documented on Smart TPD)

>HUF 70,000 (net of VAT) / controlled transaction type

(in case of a related party transaction type already documented on Smart TPD)


Use of a database other than Crefoport is subject to a separate fee!

Who is the package recommended for?

>for those who have the experience and internal resources
Silver
package

Preparation of TP documentation

>user applying Smart TPD

Advisory support

>guidelines for using the Smart TPD

>TPD peer review and sharing of recommendations through online consultation

Time required

>depends on the user's experience

Remuneration

> HUF 250,000 (net of VAT) / controlled transaction type

(in case of a related party transaction type not previously documented on Smart TPD)

>HUF 100,000 (net of VAT) / controlled transaction type

(a Smart TPD online felületén korábban már dokumentált és a transzferár szakértőnk által korábban más felülvizsgált kapcsolt ügylettípus esetén)


Use of a database other than Crefoport is subject to a separate fee!

Who is the package recommended for?

>for those who have the experience and internal resources, but would like to have a professional review
Gold
package

Preparation of TP documentation

> our TP expert applying Smart TPD

Advisory support

>covering the entire process

Time required

>user: about 2-3 hours on average

> advisory side: about 2-3 working days on average

(a cégcsoport és a dokumentálandó kapcsolt ügylet(ek) komplexitásától függ)

Remuneration

>HUF 450,000 (net of VAT) / controlled transaction type

(in case of a related party transaction type not previously documented on Smart TPD)

> HUF 180,000 (net of VAT) / controlled transaction type

(in case of a related party transaction type previously documented by our TP expert on Smart TPD)


Use of a database other than Crefoport is subject to a separate fee!

Who is the package recommended for?

>for those who do not have the experience and/or internal resources

Who ensures the professional background and operation of ?

Who ensures the professional background and operation of Smart TPD?

Cooperation

As a unique solution, the professional background and operation of Smart TPD is ensured by the close cooperation of two companies, TruTax Ltd. and Céginformáció.hu Ltd.  

In the course of our cooperation, we are constantly striving to exploit synergies, i.e. to consolidate the knowledge and experience accumulated over decades in the field of data(base) management and transfer pricing documentation.

TruTax

Our transfer pricing experts have been involved in the complete preparation of transfer pricing documentation (including various database search) and transfer pricing advisory for decades. 

During this time, they have assisted many foreign and domestic based groups of companies in the preparation of transfer pricing documentation under the old and new transfer pricing documentation rules and in transfer pricing related tax authority audits.

TruTax's leading TP expert, Péter Kiss, has successfully assisted clients in Advance Pricing Agreement (APA) requests, the tax authority procedure and the related database search/comparability analysis.

Since its establishment, our transfer pricing experts have been regular participants of the transfer pricing roundtable organised and led by the Hungarian Tax Authority/Ministry of Finance, where transfer pricing updates are discussed with the participation of the tax authority/ministry and major transfer pricing advisors.

Céginformáció.hu

Céginformáció.hu has been present on the Hungarian debt management and company rating market for more than 30 years. 

Many SMEs and MNEs use the solutions developed by Céginformáció.hu, whether it is for company databases or the preparation of benchmark analysis for transfer pricing purposes.

The Hungarian database consists of more than 30 types of data from 7 sources and is updated on a daily basis, and Céginformáció.hu can also provide instant online company information from 38 other countries through its partners.

Céginformáció.hu has its own developed company rating model, which has been successfully implemented by several large companies in their partner rating processes.

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