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

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

Recommended prerequisites (for guidance only) and advance preparation

Participants are expected to have an understanding of common tax, business and legal terms. Finance and accounting professionals with some tax background would generally have this knowledge.

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

Total Study Time and Access Period

Access to the online course is granted for a period of 2 months, from the date of ordering or the indicated start date.

Mandatory course activities: 3 hours 8 min

All mandatory course activities can be completed within the access period by dedicating approx. 24 mins of study per week. Please note that study materials included in the course or certificate programme will be accessible for the duration of the access period only. Non-mandatory supplementary material is also provided in this course.

Continuing Professional Education (CPE)

We recommend you check with your respective accrediting organizations to determine the eligibility of CPE credits.

International Bureau of Fiscal Documentation (IBFD) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints 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

FAQ

See our FAQ section for more information. Regarding administrative policies such as complaint, cancellation or refund, please refer to our Terms and Conditions or contact us at info@ibfd.org. 

Additional Information

Field of study: Taxes

Delivery format: Online - QAS Self Study

Course last reviewed: May 2023

Disclaimer

Please note that the content of this online course is subject to change based on updates in industry standards, regulatory requirements, and other developments. We strive to provide the most accurate and current information; however, we recommend verifying any critical details independently.

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