This webinar by ACCA aims to provide participants with a foundational understanding of transfer pricing principles, global standards, and their importance in intercompany transactions. Participants will gain insights into key concepts such as the arm’s length principle, common transfer pricing methods, and compliance requirements.
By the end of the session, participants will be equipped to identify related-party transactions, apply appropriate pricing methods, and understand the significance of proper documentation to manage transfer pricing risks effectively.
A Highlight of Key Areas:
Overview of Transfer Pricing and the Arm's Length Standard
- Understanding the role of transfer pricing in global trade
- The importance of transfer pricing for multinational enterprises (MNEs)
- Key stakeholders: Tax authorities, businesses, and regulators
An Overview of Various Transfer Pricing Methods, their Application and Case Studies
- Overview of the five OECD-approved methods
- Choosing the appropriate method based on industry and transaction type
- Case studies illustrating real-world applications
Preparation of Transfer Pricing Documentation
- Master File and Local File Requirements
- Country-by-Country Reporting (CbCR) requirements
- Common Documentation Pitfalls and How to Avoid Them
- Real-world examples of documentation errors leading to disputes
Managing TP Function in an MNE
- Key Transfer Pricing Risk Areas for MNEs
- Building a Strong Internal TP Governance Framework
Defending Transfer Pricing Audits
- Transfer Pricing Audits: Common Triggers and Risk Factors
- Strategies for Responding to Tax Authority Inquiries
- Dispute Resolution