TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
TheFinanceStory
No Result
View All Result
  • Login
  • Register
Book 1:1 session with industry experts!
  TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
The finance story
No Result
View All Result
  • Login
  • Register
Book 1:1 session with industry experts!
The Finance Story
No Result
View All Result

Ex-PwC, Dhruva Transfer Pricing professional discusses growing opportunities

Over the years, Transfer Pricing (TP) has shifted from a simple compliance activity - just ticking the box - to a critical strategic function discussed in boardrooms. Businesses, particularly startups, are increasingly recognizing the importance of having robust TP models to avoid future disputes and ensure seamless global operations. Here is what opportunities are emerging in the transfer pricing field.

The Finance Story by The Finance Story
Published date: 27th November, 2024
Last edited date: 27th November, 2024
SHARE (0)
Ex-PwC discusses career opportunities in Transfer Pricing
Share on FacebookShare on Twitter
  • Himanshu Bhandari has 13+ years of Transfer Pricing experience at PwC, Dhruva, and now as a founding member of Aurtus Consulting. 
  • He specializes in helping startups and MNCs design effective TP structures and global documentation strategies.
  • We spoke to him about the growing career opportunities in Transfer Pricing, fueled by startups, GCCs, and cross-border transactions.

How has the role of transfer pricing evolved?

Over the years, Transfer Pricing (TP) has shifted from a simple compliance activity – just ticking the box – to a critical strategic function discussed in boardrooms.

Why? A major TP notice can quickly escalate and the implications are significant, and in some cases, even extend to reputation risk.

Culturally, I have noticed a shift among MNCs operating in India.

Earlier, companies aimed to keep margins thin in developing countries like India. Now, many are willing to retain higher profit margins here. This cultural shift has also been accompanied by an improvement in the quality of tax authorities’ TP assessments.

The tax office now asks more mature questions, leveraging global documents, databases, and literature.

As a result, transfer pricing has transitioned from being predominantly compliance-driven to more advisory-focused.

We now work extensively on Transfer pricing planning and strategy rather than just filing reports.

Businesses, particularly startups, are increasingly recognizing the importance of having robust TP models to avoid future disputes and ensure seamless global operations.

Investors, too, are paying closer attention to TP policies.

At what stage should companies and startups engage transfer pricing professionals?

Startups are indeed my favourite part of transfer pricing. I love engaging with founders, learning about their businesses, and helping them navigate cross-border challenges.

Startups should start thinking about transfer pricing the moment they plan to go global.

Whether they are setting up a subsidiary in Singapore, the US, or any other country, it’s essential to establish a basic TP framework early on.

Even a high-level analysis at the initial stage can prevent major structural changes later.

Investors are also increasingly asking startups about their TP policies because they directly impact tax liabilities and potential risks.

A well-thought-out TP model ensures that startups pay the right amount of tax in each jurisdiction while minimizing compliance risks.

Moreover, it reassures investors that the company is prepared for international expansion without unexpected tax disputes.

Also read: This CA built a Transfer Pricing Firm in a space dominated by Big 4s: A decade later, his triumph expands to the UAE.

What are the career opportunities in transfer pricing?

The growing complexity and strategic importance of transfer pricing have opened up tremendous career opportunities.

Unlike routine tax work, which is largely driven by legal principles, transfer pricing requires a deep understanding of the client’s business to set appropriate pricing structures.

This makes it a highly engaging and rewarding field for professionals interested in understanding business models and operations.

Globally, TP principles are fairly consistent, which creates opportunities for professionals to work across different countries.

I’ve seen many colleagues move internationally and thrive because of this global applicability.

In fact, several companies have set up Global Capability Centers (GCCs) in India to handle their TP compliance and documentation across multiple countries.

Are there significant transfer pricing job opportunities in GCCs?

The growth of GCCs in India is fueled by the country’s vast and diverse talent pool, spanning fields like finance, tax, technology, and supply chain management.

Initially concentrated in metro cities, GCCs are now expanding into tier-two and tier-three cities, driven by the availability of skilled professionals.

From a transfer pricing perspective, GCCs play a crucial role in managing global compliance.

Large multinational groups with operations in numerous countries need centralized teams to handle TP documentation and coordinate with consultants worldwide.

Setting up these teams in India allows them to streamline their operations and reduce costs while maintaining high-quality output.

This trend has significantly boosted the demand for TP professionals in India, especially in GCCs.

The Finance Story

The Finance Story

Recommended for you

EY Director quit after spotting new & bigger opportunities outside Big 4
Big 4

EY Director quit after spotting new & bigger opportunities outside Big 4

26th February, 2025 | 7 mins read
200,000 Global Bank Jobs May Be Slashed By Artificial Intelligence
Careers in Finance

200,000 Global Bank Jobs May Be Slashed By Artificial Intelligence

11th January, 2025 | 5 mins read
GT Bharat COO shares his journey from a team of 50 to 10k and how firms can prepare for the opportunity that lies ahead in India.
Chief Operating Officer

This CA took a pay cut & joined Grant Thornton when it was a team of 50, now they’re 10k+

18th December, 2024 | 9 mins read
Sunil Singhania Abakkus Private Equity Fund
Asset Management

Abakkus Asset Manager on raising ₹2,400 crores to unlock India’s Private Equity opportunities

18th December, 2024 | 7 mins read
CFO of VC fund that raised $300 million
Corporate Career

Ex-Big 4 Auditor to CFO of a $600Mn+ VC Fund

12th December, 2024 | 8 mins read
UAE recruitment firm Cooper Fitch predicts talent surplus, stagnant salary
Corporate Career

Dubai’s salaries fall? Talent surge in HR, finance, accounting professionals

9th December, 2024 | 5 mins read
Next Post
Trump's re-election! What opportunities can be tapped by CA firms, CFOs, or outsourcing/offshoring ventures

Trump's re-election! How will the Indian economy be impacted?

Start conversation Cancel reply

Your email address will not be published. Required fields are marked *

1:1 career advice platform

  • Manager

    Investment Banking (Front Office) at HDFC Bank.

  • Finance Director

    at Procter & Gamble (P&G)

  • Strategic Program & Ops Manager

    Risk and Internal Audit at Accenture

  • Vice President

    at Alcazar Capital

  • Manager ACR

    Accounting, Compliance and Reporting at EY

  • Senior Accountant

    at BDO Canada LLP

  • Regional Financial Coordinator and Project Manager

    at TotalEnergies

  • Accounts Manager

    at Sterling Perfumes Industries LLC (Fakhruddin Holdings)

BOOK 1:1 CALL

1:1 career advice platform

  • Manager ACR

    Accounting, Compliance and Reporting at EY

  • Senior Accountant

    at BDO Canada LLP

  • Regional Financial Coordinator and Project Manager

    at TotalEnergies

  • Accounts Manager

    at Sterling Perfumes Industries LLC (Fakhruddin Holdings)

BOOK 1:1 CALL
The Finance Story

The Finance Story empowers finance professionals—CFOs, consultants, accountants, tax experts, and bankers—to navigate critical market shifts, industry disruptions, and emerging technologies & trends.

How? We spotlight key opportunities in India and globally, equipping finance professionals with the insights and strategies to drive business growth, optimize decision-making, and position their companies at the forefront

Quick Links

  • Finance
  • Partners
  • Privacy and Policy
  • Terms of use

Follow us

  • /TheFinanceStory
  • @TheFinanceStory
  • /TheFinanceStory
  • @thefinancestory_com
  • TheFinanceStory

© 2022. The Finance Story. All Rights Reserved.

No Result
View All Result
  • TFS Gulf
  • Entrepreneur Story
  • Finance Leaders
  • Videos
  • Login
  • Sign Up

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to personalize your experience. By continuing to visit this website you agree to our use of cookies.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Book 1:1 call with industry expert