Abion Consulting Ltd

Talk to us at Abion Consulting Ltd if you need any help with accounting services, tax advisory, audit and strategy

Eid Mubarak! Wishing all clients, both current and potential, a happy holiday.

30th June is just around the corner. Have you filed your 2015 tax returns? Talk to us if you need any help with accounting services, tax advisory, audit and strategy.

We at Abion Consulting Ltd would like to wish all our clients a happy and prosperous new year 2016. We sincerely thank you for your continued support in 2015 and are looking forward to serving you again this year. God bless you and your entire families.

Eid Mubarak! Wishing everyone a happy holiday.

Transfer pricing is a profit allocation method used to attribute a multinational corporation's net profit (or loss) before tax to countries where it does business. Transfer pricing results in the setting of prices among divisions within an enterprise. Transfer prices are charges for goods and services between controlled (or related) legal entities within an enterprise. Legal entities considered under the control of a single corporation include branches and companies that are wholly or majority owned ultimately by the parent corporation. Certain jurisdictions consider entities to be under common control if they share family members on their boards of directors.

In principle a transfer price should match either what the seller would charge an independent, arm's length customer, or what the buyer would pay an independent, arm's length supplier. While unrealistic transfer prices do not affect the overall enterprise directly, they become a concern when they are misused to lower profits in a division of an enterprise that is located in a country that levies high taxes and raise profits in a country that is a tax haven that levies no or low taxes.Transfer pricing is the major tool for corporate tax avoidance

Tax planning is the process of forecasting one's tax liability and formulating ways to reduce it.

How it works/Example:

It entails creating portfolios or circumstances that are as tax efficient as possible. This requires investors and companies to give consideration not just to the size of their incomes or profits, but also to the nature and timing of purchases, insurance coverage and the types of investments they make. These decisions affect everything from which tax bracket an investor is in to the types of tax deductions the investor qualifies for.

Are you stuck with your KRA returns? June 30th is just around the corner. we can help you do your returns at the comfort of your office...