UnscheduledTransfer Pricing and Indirect Taxes – An Integrated Approach
- Transfer Pricing and Indirect Taxes – An Integrated Approach
Overview and Learning Objectives
Across the globe, we can see an increasing trend indicating a move towards destination/market-based taxes in combination with the current resident-based taxation rules. Digitalization of the economy has brought new challenges into taxation, shifted the concept of nexus for taxation and also reshaped existing notions. Transfer pricing and indirect tax rules are being amended worldwide to ensure that foreign digital suppliers become liable for the collection and remittance of these taxes.
Due to the BEPS Project as well as other developments at the EU and country levels, tax authorities have set their priorities for both direct and indirect taxation. Reputational risk is increasing. The tax authorities not only want to receive more data, they also want them faster and more often. This is difficult when there is a large year-end adjustment, and when there are many audit queries from different government authorities and burdensome reporting obligations. This workshop will help you to understand in an interactive and practical manner how to overcome these difficulties.
The global supply chains of companies are changing and this in turn has an effect on three very important aspects: transfer pricing, VAT and customs. In the past decade, it has become obvious that the customs duties and VAT dimensions of transfer pricing can also take quite a toll on a company’s profits and can cause a cash leakage. Businesses need to be prepared to tackle these changes and be in control of their transfer prices as well as their VAT and customs obligations. To this end, this workshop will focus on the meaning of value from a transfer pricing, VAT and customs perspective in light of the recent developments. Since supply chains are now mostly globalized, businesses require solid end-to-end tax processes to align the tax treatment of transactions from a transfer pricing, VAT and customs point of view. The workshop will discuss methodological difficulties of integrating all these requirements and how technology might serve as a solution. Furthermore, the workshop will analyse reporting obligations businesses have and how this information could be cross-referenced by tax authorities and used to improve the effectiveness of tax audits, also with regard to cross-border exchange of information and international cooperation.
This is an interactive workshop with a maximum of 32 participants. Participants will have access to relevant online collections on the IBFD Tax Research Platform for a period of two weeks. Presentations will be made available in electronic format.
Field of Study
Transfer Pricing, VAT and Customs
Who Should Attend?
The workshop is suitable for practitioners in tax advisory firms, tax specialists in commerce and industry, and government officials.
Course Level and Prerequisites
This is an intermediate-level workshop. Participants taking this course will be expected to have a good understanding of either transfer pricing, VAT or customs processes, and familiarity with the other two topics. The workshop is designed for tax professionals who want to learn more about the implications of determining value for transfer pricing, VAT and customs purposes.
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.
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.
- Role of value in transfer pricing, VAT and customs
- Digital economy and challenges brought for valuation
- TP adjustments and their impact on valuation for VAT and customs purposes
- Treatment of royalties from a transfer pricing and indirect tax perspective
- Technology and reporting obligations
- Cooperation between businesses and authorities relating to value