28 - 29 Oct 2019Operational Transfer Pricing Masterclass
- Operational Transfer Pricing Masterclass
Overview and learning objectivesNowadays it is essential to have a transfer pricing (TP) control framework in place. This is due to the changes in TP guidance of the OECD, the European Union and the United Nations. In addition, countries have implemented unilateral rules. There is also increased transparency, with (tax) authorities across the globe sharing more information, and an increasing number of (joint) tax audits. Furthermore, companies are making more and more use of technology and the tax authorities follow suit. Last but certainly not least, tax is now part of daily discussions in the media. Therefore reputational risks related to tax in general and also to TP have increased. TP is thus not to be viewed as a tax-only compliance issue but rather as a strategic component that can impact shareholder value.
The question is whether your organization is prepared to face the aforementioned challenges. You may not have control over your TP policy if there is a lack of TP monitoring, if a patchwork of data sources is being used, if the governance processes are not clear and if you have difficulties in ETR forecasting. Benefits of a proper TP control framework are: a reduction of audit risks, greater accuracy in TP outcomes – ETR and EPS - can be improved, better efficiency in your organization through e.g. standardization of data collection processes, reduction of running costs and reduced post-year-end adjustments.
One of the challenges you face with TP is that many people from different departments across your organization are involved in the TP life cycle. This necessitates proactive participation and building consistent implementation systems across the enterprise to avoid an expensive surprise when tax authorities come to review.This advanced-level, interactive masterclass consists of case studies and sharing best practices. During this course you will be taken through the different steps of building a TP control framework. It is designed for participants who have advanced knowledge of TP and want to gain a more in-depth understanding of the operational aspects of TP and intercompany processes coupled with IT and data integration. Participants will receive interactive assignments, case studies and templates for polling questions to take them through the various dimensions of the operational TP model.Field of StudyTransfer pricing
Who Should Attend?The course is suitable for all tax and TP professionals, such as lawyers, accountants, and in-house tax and TP personnel (directors, managers) including finance and HR personnel involved in the in-house TP cycle. The course will enable participants to gain an insight into the operational aspects of TP in terms of aligning business with compliance, and will allow them to better understand how to effectively deal with TP from multiple angles, such as strategy, process, organization and technology. The focus of the course will be on TP control backed with IT support and governance over people functions and TP processes to manage and mitigate overall tax and TP risks.
Course Level and Prerequisites
This is an advanced-level course. Participants taking this course will be expected to have an understanding of TP and intercompany processes.
In order to participate in this particular course, no advance preparation is necessary. Participants will have access to relevant online collections on the IBFD Tax Research Platform for a period of two weeks from the start of the course.
Interactive course - "Group Live"
To safeguard the interactive nature of the course, including group discussions and case studies, a maximum of 32 participants will be accepted. Early registration is therefore recommended.
We invite you to send us in advance any technical, content-related questions you may have. During the course we will try to address your specific questions, but please note that this will depend on the amount of time available, the relevance of the questions and the order in which the questions are received.
Should you have a question, please send it to firstname.lastname@example.org.
Disclaimer: The information provided during the course has been prepared solely for the instruction of course participants. This information is not intended to constitute advice on any particular matter.
Continuing Professional Education
Recommended NASBA CPE points for this course: 13.5 (in accordance with the standards of the National Registry of CPE points, CPE credits are granted based on a 50-minute hour). Read more information on CPE points and accreditation for IBFD International Tax Courses.
Course fee and registration details
The course fee covers participation in the course, all course materials, lunch, coffee/tea and refreshments. The costs of accommodation and transport are not covered. If you have any other questions regarding attendance of the course, travel arrangements, payments and cancellations, please consult our FAQ.
- Transfer pricing governance and organization
- Processes and controls
- Operational transfer pricing strategy and process framework
- Role of information technology and data tools
- Monitoring and compliance