Deloitte’s transfer pricing team maintains a dominant position in Venezuela. Daniel Peña is the senior manager and a key contact in the transfer pricing area.
In the last 12 months, the team has handled different transfer pricing matters. For example, it conducted a case involving a review of the compliance with formal obligations of a company regarding transfer pricing. The review of formal obligations represented the first step before the beginning of a thorough audit by the tax administration. In another key matter, the group advised a company on transfer pricing-related planning in order to determine the range of market values applicable to the manufacturing and export operations.