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Sachverhaltsdokumentation

English translation: documentation of (pertinent) facts

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Sachverhaltsdokumentation
English translation:documentation of (pertinent) facts
Entered by: Lydia Molea

12:55 Apr 6, 2021
German to English translations [PRO]
Bus/Financial - Accounting / Audit
German term or phrase: Sachverhaltsdokumentation
I know what they are, I just cannot find a good "official" English translation.
Context:
Transfer price documentation, with the the sub-headings "Sachvershaltsdokumentation" (which in turn comprises "Geschäftsbeschreibung, -strategie etc.) and "Angemessenheitsdokumentation" (comprising "Verrechenbpreismethoden", "Fremdvergleich" etc.)

I'd rather not paraphrase if I can avoid it.

TIA!
Lydia Molea
Germany
Local time: 04:24
documentation of facts
Explanation:
Angemessenheitsdokumentation (= Dokumentation der Fremdüblichkeit) = arm's length documentation
Fremdvergleich = arm's length test

Compare

https://www.bundesfinanzministerium.de/Content/DE/Downloads/... (p. 1)
"(2) Für die Sachverhaltsdokumentation nach § 90 Absatz 3 Satz 2 der Abgabenordnung sind Aufzeichnungen über die Art, den Umfang und die Abwicklung sowie über die wirtschaftlichen und die rechtlichen Rahmenbedingungen der Geschäftsvorfälle erforderlich."

and

https://www.bundesfinanzministerium.de/Content/EN/Downloads/... (p. 1)
"(2) For the documentation of facts pursuant to section 90 subsection 3, second sentence, of the Fiscal Code, it is necessary to have records on the type, scope and execution of the transactions as well as the transactions’ economic and legal frameworks."


See also the background information and English terminology used at
https://www.grantthornton.global/globalassets/1.-member-firm... (p. 43)
"Is transfer pricing documentation required? If so, what information should be included?
Taxpayers are obliged to prepare TP documentation and to keep it in their accounting records. In principle the documentation of the taxpayer should substantiate the serious effort to comply with the arm’s length principle. The taxpayer needs to explain from his point of view the appropriateness of the transfer prices using objective criteria. According to German regulations regarding the documentation of profit allocation (GAufzV), the nature, scope and processing of the relevant facts, as well as, the direct economic and legal aspects thereof need to be exposed. In addition, the organisational and operational company structure needs to be displayed. Essentially, the following parts of the documentation of facts are important: business description, organisational structure, functional (including risk) analysis, industry analysis, contractual terms and conditions of the transactions, financial performance, information on the intercompany transactions, substantiation of transfer pricing method and prices actually charged."

https://www.globaltransferpricing.com/dokumentation/
https://www.globaltransferpricing.com/documentation/?lang=en

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Note added at 1 day 19 hrs (2021-04-08 08:49:19 GMT) Post-grading
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Gerne und viele Grüße!
Selected response from:

Steffen Walter
Germany
Local time: 04:24
Grading comment
Thank you, Steffen, much appreciated.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1documentation of facts
Steffen Walter
3Documenting of practical matters
Adrian MM.


Discussion entries: 1





  

Answers


7 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
Documenting of practical matters


Explanation:
Not such much an 'official' translation as a sub-heading, more a description of the process vs. a comprehensive practical manual or pack: such as the UN Practical Manual on Transfer Pricing for Developing Countries.


Example sentence(s):
  • R 98/11 Documentation and practical issues associated with setting and reviewing transfer pricing
  • Developing and documenting four steps for testing the arm's length nature of international transfer prices

    Reference: http://www.un.org/development/desa/financing/sites/www.un.or...
    Reference: http://www.oecd.org/tax/beps/draft-toolkit-transfer-pricing-...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 25
Login to enter a peer comment (or grade)

2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
documentation of facts


Explanation:
Angemessenheitsdokumentation (= Dokumentation der Fremdüblichkeit) = arm's length documentation
Fremdvergleich = arm's length test

Compare

https://www.bundesfinanzministerium.de/Content/DE/Downloads/... (p. 1)
"(2) Für die Sachverhaltsdokumentation nach § 90 Absatz 3 Satz 2 der Abgabenordnung sind Aufzeichnungen über die Art, den Umfang und die Abwicklung sowie über die wirtschaftlichen und die rechtlichen Rahmenbedingungen der Geschäftsvorfälle erforderlich."

and

https://www.bundesfinanzministerium.de/Content/EN/Downloads/... (p. 1)
"(2) For the documentation of facts pursuant to section 90 subsection 3, second sentence, of the Fiscal Code, it is necessary to have records on the type, scope and execution of the transactions as well as the transactions’ economic and legal frameworks."


See also the background information and English terminology used at
https://www.grantthornton.global/globalassets/1.-member-firm... (p. 43)
"Is transfer pricing documentation required? If so, what information should be included?
Taxpayers are obliged to prepare TP documentation and to keep it in their accounting records. In principle the documentation of the taxpayer should substantiate the serious effort to comply with the arm’s length principle. The taxpayer needs to explain from his point of view the appropriateness of the transfer prices using objective criteria. According to German regulations regarding the documentation of profit allocation (GAufzV), the nature, scope and processing of the relevant facts, as well as, the direct economic and legal aspects thereof need to be exposed. In addition, the organisational and operational company structure needs to be displayed. Essentially, the following parts of the documentation of facts are important: business description, organisational structure, functional (including risk) analysis, industry analysis, contractual terms and conditions of the transactions, financial performance, information on the intercompany transactions, substantiation of transfer pricing method and prices actually charged."

https://www.globaltransferpricing.com/dokumentation/
https://www.globaltransferpricing.com/documentation/?lang=en

--------------------------------------------------
Note added at 1 day 19 hrs (2021-04-08 08:49:19 GMT) Post-grading
--------------------------------------------------

Gerne und viele Grüße!

Steffen Walter
Germany
Local time: 04:24
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 444
Grading comment
Thank you, Steffen, much appreciated.

Peer comments on this answer (and responses from the answerer)
agree  Jeanie Eldon
49 mins
neutral  Klaus Beyer: if at all, 'documentation of pertinent facts' or 'facts at hand'
1 day 6 hrs
Login to enter a peer comment (or grade)



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