The KONDOR Global through KONDOR-TP has extensive experience in providing transfer pricing services. In the last decades, transfer pricing has been and is likely to remain the focus area for company groups where relying on external expertise is not only cost efficient but is also a prerequisite to reach their tax risk mitigation goals.
Close cooperation of the transfer pricing professionals as members of KONDOR Global means that our Partners and Clients can rely on our service in all of their cross-border transactions, receiving assistance at the same quality.
The KONDOR Global can assist multinationals both in structuring and in documenting their intra-group transaction in a manner that limits their transfer pricing related risks to a manageable and desired level.
The KONDOR Global has thorough experience in providing benchmark studies for different types of transactions and activities, from manufacturing to IT service provision, from intra-group loans to guarantees, or from royalty transactions to licence fee payments.
Business restructurings by multinational companies have attracted increased scrutiny of tax authorities in recent years. Besides relocation of functions, business restructuring also includes conversion of businesses, for example the conversion of fully-fledged distributors into limited-risk distributors or the conversion of fully-fledged manufacturers into contract-manufacturers.
These new developments will require companies to involve more analysis and documentation when deciding to restructure. The KONDOR Global can assist to identify taxable events and perform studies to support the business restructuring in order to avoid or limit tax risks.
The KONDOR Global assists clients with valuation and business planning services for tax and financial reporting purposes.
Transfer pricing is one of the major tax risks to be handled by corporations today. With the global corporate tax race putting pressure on state budgets, the tax authorities are forced to assign more and more resources both in terms of quality and quantity into auditing related party transactions in order to ensure such transactions are conducted at an arm’s length price and thus do not harm the tax base. Given that the determination of transfer prices is not an exact science, a more challenging stance by tax authorities might sometimes produce insurmountable difficulties for corporations globally.
László Pásztor graduated as an economist at the University of Pécs in 2005 and obtained his tax advisor certificate in 2007. In 2011, he earned the international tax expert title in the field of direct taxes. He has been dealing with international taxation and transfer pricing issues for more than a decade. He is co-author of the book, TranszFAIRár, co-founder of TP GROUP, and Head of TP at KONDOR-TP. From 2017, he is a Partner of KONDOR Group.
Bence Kondor graduated in 2002 as a lawyer. In parallel with his PhD studies, he began his Business Administration studies at Corvinus University of Budapest (2002-2007). Since 2008, he has been dealing with transfer pricing and business development. He is co-author of the TranszFAIRár Book. He is the founder of TP GROUP, KONDOR Group and VISEGRAD Consulting Group.
Farkas Bársony is a finance lawyer (LL.M., MBA), was the managing director of GE Hungary and the (EMEA & Global) tax director of several GE businesses. Following that he was appointed as Tax and Legal Services Partner at PwC CEE. He was the President of the American Chamber of Commerce (AmCham Hungary) between 2016 and 2020. In recognition of his professional work, he was awarded the Knight’s Cross of the Order of Merit of the Republic of Hungary. He is a member of the National Competitiveness Council. Co-founder of VISEGRAD Consulting Group, and currently the CEO & Partner of KONDOR Group since 2019.