Success Story: Tax Compliance On Transfer Pricing In El Salvador
Mühlbauer Id Services, GmbH, Sucursal El Salvador (Mühlbauer), is part of a group of companies that, over the years, have become technological partners for many companies worldwide, offering different industries smart cards, electronic passports , radio frequency identification (RFID) and back-end semiconductors.
In El Salvador, Mülbauer’s main activity is the registration, issuance and delivery of the Unique Identity Document, in favor of the National Registry of Natural Persons. To carry out this activity, Mülbauer requires resources from its headquarters located in Germany.
“Advising Mülbauer for more than 8 years has allowed us to have a clear understanding of its operating model and the aspects of compliance with transfer prices established in the Tax Code. As advisors, we have had the opportunity to identify those areas of opportunity that protect the interests of our clients for a correct and effective fulfillment, while their operation continues to develop successfully ”.– Daniel Hernández, Transfer Pricing Manager