Jelena Mihic Munjic and Biljana proudly represented KRESTON MDM Serbia at the Kreston European Conference held in beautiful Athens, hosted by the newly rebranded Kreston Greece (formerly Hellenic Auditing).

In a recent feature on women in accounting, Liza Robbins, Chief Executive of Kreston Global, Jelena Mihić Managing Director at Kreston MDM Serbia, and Carmen Cojocaru, ESG Technical Director and Managing Partner at Kreston Romania, share their perspectives on gender diversity and inclusion in the accounting profession in an article for The Accountant.

In today’s globalised economy, economic substance in transfer pricing plays a critical role in helping multinational companies align their tax strategies with business operations while ensuring compliance..

The arm’s length principle (ALP) has long been the cornerstone of international tax, governing how multinational corporations (MNCs) allocate profits and tax obligations across borders. However, this principle, based on the idea of treating each entity as separate, increasingly fails to capture the interconnected nature of modern MNCs. With complex value chains, intangible assets, and centralised decision-making, the traditional ALP approach is showing its limitations, prompting the question: is arm’s length now out of reach?

The new edition of Krestospective has been released! In this edition, we reflect on the events that marked the previous year, 2024, and you can read more about it at the following link Kreston MDM – Osvrt na 2024. godinu | LinkedIn

Landmark transfer pricing disputes have become increasingly significant as tax authorities globally scrutinise multinational enterprises (MNEs) to ensure they comply with the arm’s length principle.

As businesses navigate the post-COVID landscape, the dynamics of outsourcing and transfer pricing have taken center stage. With 77% of European countries now favoring intra-continental outsourcing, the focus has shifted toward fortifying the global value chain (GVC) and reducing dependence on traditional outsourcing hubs like China and Russia.

Cost allocation in Transfer pricing is a critical aspect of international taxation for multinational enterprises (MNEs). It is a key component is the proper allocation of costs, which ensures that intercompany transactions reflect an arm’s length standard, as required by the OECD Guidelines.

Jelena Mihic Munjic and Elena Ramirez Marin recently shared their insights on transfer pricing impact on SMEs with Bloomberg Tax.