Transfer Pricing, VAT and Customs

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This course will be focused on the interaction of transfer pricing, VAT and customs, and how those areas have different valuation methods that require different documentary evidence. A policy framework from the OECD and UN perspective will also be given.

Subsequently, the course will provide a roadmap to develop an efficient tax process to align transfer pricing, VAT and customs, both from a tax and trade perspectives and taking into consideration different business models. Additionally, the impact of BEPS, COVID-19, Brexit and others will be assessed considering the interaction of transfer pricing and indirect taxes. The participants will also be able to identify the impacts and risks of transfer pricing adjustments in indirect taxes, as well as to understand how the European case-law dealt with that.

The course will provide information on international cooperation, exchange of information and methods for dispute resolution. The participants will be provided with a broad and general perspective of those topics, being able to understand the interaction of these methods with transfer pricing and indirect taxation.

Finally, the participants will receive more information regarding customs regulations, how customs classifications are done and the guiding principles for that. The rules applicable for importation and exportation transactions are also analysed. The participants will be provided with examples of how to improve supply chains for customs and VAT purposes.

Topics Covered

  • Introduction and the Role of Value in Transfer Pricing, VAT and Customs
  • Interaction between transfer pricing and indirect taxes in global supply chains
  • Transfer Pricing and Indirect Taxes: Impact of adjustments
  • Cooperation, exchange of information and administrative issues
  • VAT and Customs – Core concepts
  • VAT and Customs – Supply chain improvements

Learning Objectives

Skills practiced and developed during the course include:

  • Identify the differences between transfer pricing and indirect taxes with respect to the role of value 
  • Define the policy frameworks and the interaction amongst the different frameworks
  • Describe the different types of adjustments that have an impact on transfer pricing / indirect taxes and how to deal with them
  • Determine product pricing and the periodic monitoring of adjustments
  • Explain the necessary steps required to have an efficient tax process to align transfer pricing and indirect tax outcomes in place
  • Discuss the practical aspects when managing interactions between transfer pricing and indirect taxes
  • Summarize the key challenges for MNEs when dealing with inconsistencies between income tax, VAT and customs filings and interaction with the relevant authorities

Delivery Method and Core Study Time

Online (QAS self-study)

Consists of seven modules of approx. 1 hour video lessons each and case assignments, which help apply knowledge in practice. A final assessment is also included to test your overall understanding.

Field of Study

Taxes

Who Should Participate

The course is open for all; however, it would be highly beneficial for: 

  • Tax lawyers from law/and or accounting firms
  • Tax/TP managers of law/accounting firms
  • Tax/TP managers/directors of MNEs
  • Finance manager/controllers/treasury managers of MNEs
  • Tax inspectors from tax administrations

Prerequisites

No advance preparation is necessary. All required study material is provided withing the online training.

Components of Training and Study time

The online course is divided into 7 modules that further consist of several submodules. Each module has following components: 

  • Videos: 3-5 videos per module
  • Case-studies: 1-2 per module
  • Assignments and Assessments: 2 assessments for each specialised field 
  • Reading material: for each module

The programme must be completed within 2 months and can be followed and completed by dedicating a minimum of 5 hours of study per week.
Study materials included in the programme will be accessible for 2 months.

Continuing Professional Education (CPE)

International Online Tax Courses in many cases qualify for CPE credits pursuant to the rules of a number of professional associations other than those listed above. Participants are encouraged to check with their professional and/or national associations to determine eligibility in this respect.

International Bureau of Fiscal Documentation (IBFD) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of CPE on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Issues regarding registered sponsors may be submitted to the National. Registry of CPE Sponsors through its website: www.nasbaregistry.org. Recommended NASBA CPE credits for this course is: 13

Please consult the FAQ for more information. Regarding administrative policies such as complaint, cancellation and refund, please refer to our Terms and Conditions or contact info@ibfd.org.

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