Transfer Pricing : Implementation & Practice
This course structure provides a comprehensive overview of transfer pricing, covering key concepts, methods, compliance requirements, and practical considerations. It equips participants with the knowledge and skills necessary to understand, analyze, and navigate transfer pricing issues effectively.
COURSE MODULE
Topic 1 : Comparability Analysis
- Understanding the concept of comparability in transfer pricing.
- Factors affecting comparability: industry, functions, risks, assets, and legal structures.
- Techniques for identifying and selecting comparable transactions or companies.
Topic 2 : Transfer Pricing Methods
- Overview of various transfer pricing methods: Comparable Uncontrolled Price (CUP), Resale Price Method (RPM), Cost Plus Method (CPM), Transactional Net Margin Method (TNMM), and Profit Split Method (PSM).
- Application of each method with examples and case studies.
- Advantages and limitations of different methods.
Topic 3: How to Perform Transfer Pricing Analysis
- Steps involved in conducting transfer pricing analysis.
- Gathering data and information for analysis.
- Practical considerations and challenges in performing analysis.
- Interpretation of results and implications.
Topic 4 : Compliances
- Legal and regulatory requirements related to transfer pricing.
- Documentation requirements for transfer pricing compliance.
- Penalties for non-compliance and best practices for avoiding disputes.
Topic 5: BEPS – Three-Tier Documentation
- Overview of Base Erosion and Profit Shifting (BEPS) Action Plan.
- Explanation of three-tiered approach to transfer pricing documentation: Master File, Local File, and Country-by-Country Reporting (CbCR).
- Understanding BEPS compliance requirements and implications for multinational enterprises.
Topic 6: Typical Transactions
- Analysis of common types of intercompany transactions.
- Challenges and considerations specific to various types of transactions (e.g., tangible goods, intangible property, services).
- Case studies illustrating transfer pricing issues in typical transactions.
Topic 7: Way Forward
- Emerging trends and developments in transfer pricing.
- Future outlook for transfer pricing regulations and enforcement.
- Strategies for proactive transfer pricing management and risk mitigation.
LEARNING OUTCOMES
By the end of the course, participants should be able to:
- Understand the concept and importance of comparability in transfer pricing analysis.
- Gain proficiency in various transfer pricing methods and their application in different business contexts.
- Learn the step-by-step process of conducting transfer pricing analysis and interpreting results.
- Comprehend transfer pricing compliance requirements and implement best practices to mitigate risks.
- Familiarize with BEPS guidelines and develop skills in preparing three-tiered transfer pricing documentation.
- Analyze common intercompany transactions and apply transfer pricing principles to optimize outcomes
ABOUT THE TRAINER
![image](https://fintedu.com/pluginfile.php/825/course/summary/UMANG%20%282%29.jpeg?time=1708937065143)
Umang Someshwar
Umang brings over 15 years of expertise in consulting and accounting, specializing in BEPS, international tax, global transfer pricing, and Indian taxation regulations. As a key leader at "your CFO," Umang drives growth strategies, particularly in the Middle East, leveraging experience in managing Transfer Pricing practices in Saudi Arabia and initiating overseas expansions in Dubai, UAE.
An All India Rank Holder in Chartered Accountancy and Company Secretary Examinations, Umang also holds ADIT certification from the Chartered Institute of Taxation, UK (2021), and is a respected speaker and contributor to professional publications.