Morgan & Morgan

Morgan & Morgan

507.265.7777
Email: [email protected]

Morgan & Morgan
MMG Tower, 23rd Floor Ave. Paseo del Mar, Costa del Este Panama City Rep. of Panama

Open in Google Maps
507.265.7777 | [email protected]
  • LANGUAGES
    • English English
    • Español Español
  • Home
  • About Us
    • History
    • Global Reach
    • Gender Equity
    • Code of EthicsDownload
    • Prevention and Management of Professional Risk Policy
  • Attorneys
    • Associates
    • Partners
    • Founders
  • Practice Areas
    • COLUM1
      • Antitrust and Consumer Protection
      • Banking and Finance
      • Criminal Law
      • Energy and Natural Resources
      • Estate Planning
    • COLUM2
      • Government Procurement and Contracts
      • Insurance and Reinsurance
      • Intellectual Property
      • Immigration Law
      • Corporate Services
    • COLUM3
      • Labor Law
      • Litigation and Dispute Resolution
      • Mergers and Acquisitions
      • Mining
      • Projects
    • COLUM4
      • Real Estate
      • Securities and Capital Markets
      • Shipping and Admiralty Litigation
      • Ship Finance and Registration
      • Taxation
  • Experience
  • News
  • Pro Bono
  • Sustainability
    • ESG Strategy
    • Environment
    • Social
    • Governance
    • Annual Report
    • Sustainability Policy
  • Contact us
  • Payment Methods
    • Credit Card
    • ACH Payment
    • Wire Transfers
    • FAQ´S
Wednesday, 01 December 2021 / Published in News, Taxation_news

Benchmark: A priori pricing of related party transactions

December 1, 2021

Taxpayers that have transactions with related parties resident outside Panama must set the prices of such transactions under the arm’s length principle. That is to say, they must be set under the “fair market price”, which is no more than setting the prices of our operations with related parties within the price range or amount that would have been agreed with independent parties under similar circumstances.

In this regard, do you know whether the amounts or prices set for your related party transactions are within the range permitted under the arm’s length principle? If the transactions are out of range, this may represent you material income tax contingencies.

Market studies are an a priori mathematical exercise and are an indispensable tool to comply with the guidelines of the arm’s length principle, which is the cornerstone of the Transfer Pricing regime, to determine the arm’s length ranges for a given transaction.

Remember that each transaction must be reviewed independently to determine the ranges for each transaction. There are some cases where even with local related parties the value of such transactions must be set based on the “fair market price”.

More information: [email protected].

  • Tweet

Search

Latest news

  • 23-1

    Morgan & Morgan Legal advised Minera Panama, S.A., in negotiating a Refreshed Concession Agreement with the Government of Panama for the Cobre Panama Project, the largest private investment in the history of Panama.

  • 21

    Morgan & Morgan consolidates as the Panamanian law firm with the best corporate reputation.

  • Morgan & Morgan Legal advised in a joint venture for the development, construction and operation of a hotel and resort in Costa Rica.

  • 99

    Morgan & Morgan is recognized as Pro Bono Leading Lights 2022.

  • 26

    Morgan & Morgan Legal advised Dream Properties in the constitution and registration of NF Real Estate Fund Inc. as a Real Estate Investment Fund.

Contact our experts

  • This field is for validation purposes and should be left unchanged.
Morgan & Morgan
  • Home
  • About us
  • Associates
  • Partners
  • Founders
  • Practice Areas
  • Transactions
  • News
  • Contact us
  • Terms of use
  • Data Protection Policy
  • Whistleblower System
  • Compliance Policy
  • FAQ’s
  • Global Reach
  • Gender Equity

© 2021 All rights reserved. Morgan & Morgan. MMG Tower, 23rd Floor Ave. Paseo del Mar, Costa del Este Panama City Rep. of Panama.

TOP
Esta página utiliza cookies únicamente con el fin de optimizar su funcionamiento y para fines estadísticos. No recolectamos datos personales. Al seguir utilizando nuestra página acepta las condiciones de uso. Para conocer más, visite nuestra Politica de Protección de DatosAceptarPolítica de Protección de Datos