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Yann ThierryMieg Adapted from an original subject by Christian South (dpt GTR Toulouse (Blanca))TP DBMS Foreword : These questions will be mailed to me at Yann.ThierryMieg@lip6.fr Object : [ECE DBMS]
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TP DBMS (Transaction Processing Database Management System) is needed by organizations and businesses that handle large volumes of transactions on a daily basis.
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Retail companies, banks, airlines, e-commerce platforms, stock exchanges, and other businesses that process numerous transactions can benefit from using a TP DBMS.
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TP DBMS refers to Transfer Pricing Database Management System, which is a system used to manage, analyze, and report information related to transfer pricing activities within multinational enterprises.
Multinational enterprises and companies involved in cross-border transactions that meet specific revenue thresholds are typically required to file TP DBMS.
To fill out TP DBMS, companies must gather and input relevant financial data, transaction details, and transfer pricing policies into the database, adhering to guidelines provided by tax authorities.
The purpose of TP DBMS is to ensure compliance with transfer pricing regulations, facilitate the documentation of intercompany transactions, and provide transparency in pricing strategies.
Information that must be reported on TP DBMS includes transaction details, pricing methods used, participant entities, financial statements, and any relevant policies regarding transfer pricing.
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