Marek Romancov heads the transfer pricing team. The team assists clients with different transfer pricing services such as the developing of transfer pricing function and policy, documentation and reporting, consulting and training, advance pricing agreements and support during transfer pricing disputes.
Romancov, the transfer pricing partner leading the case, along with two other senior transfer pricing practitioners recently advised a manufacturing group on receiving an APA from the tax authority. The group wanted to restructure its European operations, and the variable licence fee mechanism was realised between the manufacturing companies and their controlling company. Due to the complexity of this case, some of the subjected entities were recipients of investment incentives as tax relief. The value of the transaction exceeded $400 million.
The EMEIA Tax Center at EY is organised as a supranational entity covering the entire Europe, Middle East, India and Africa (EMEIA) region, with its Intercompany Effectiveness and operational transfer pricing practice serving clients’ needs across all jurisdictions.
Led by Oslo-based partner Sveinung Baumann-Larsen, it brings together multi-disciplinary experience and resources focused on IT, accounting, and tax from the entire region in its work. This work covers some of the leading global companies in their respective fields and includes those involved in retail and consumer products, energy and pharmaceuticals, to name but a few.
WTS Alfery is the Czech Republic member of WTS Global, a global network of selected consulting firms with cooperating partners in more than 100 countries. WTS Alfery offers its clients consultancy on legal, tax, auditing and accounting services. Jana Alfery, who is also a partner, leads the transfer pricing team.
Alfery, Jana Kotíková and Michal Kolář have worked on preparing transfer pricing documentation for various EU entities. A recent transaction by the group was valued at €57 million, and WTS Alfery worked with other WTS member firms around Europe. This was an innovative case because the client’s and advisers’ high level of coordination and cooperation across borders was important for the success of this project.