Certificate in Transfer Pricing
Certificate Courses

Certificate in Transfer Pricing

  • Duration
    3 Months
  • Place
    Nigeria
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Description

AIM:    This paper covers the fundamentals of transfer pricing based on the OECD, and UK tax law models. The paper will focus on transfer pricing methods, the arm’s length principle, comparability, compliance issues and avoiding double taxation and dispute resolution. Please see the Syllabus for full details.

OBJECTIVES: The Course will cover key transfer pricing concepts and issues including transfer pricing methods, the arm’s length principle, comparability, compliance issues, avoiding double taxation and dispute resolution. Candidates who pass this examination are awarded a certificate in Transfer Pricing.  This examination is currently offered in April and October CITN exam sessions.

TARGET AUDIENCE: Tax directors, Tax managers, Accountants, Asset managers, financial analysts, Auditors and Tax experts.

SYLLABUS

  1. GENERAL OVERVIEW
  2. LEGISLATION IN NIGERIA
  3. CONTROL ISSUES
  4. TRANSFER PRICING METHODOLOGY
  5. THE CONDUCT OF TRANSFER PRICING ENQUIRIES
  6. OFFENCES AND PENALTIES AND DISPUTE RESOLUTION
  7. TRANSFER PRICING PLANNING
  8. VALUATION
  9. COMPARATIVE ANALYSIS OF KENYA, GHANA AND SOUTH AFRICAN TRANSFER PRICING REGULATIONS
  1.       DOMESTIC TRANSFER PRICING

 

Essential Reading

OECD, Committee on Fiscal Affairs. OECD Model Tax Convention on Income and on Capital

(Paris: OECD, 2010) [ISBN: 9789264175174] and accompanying Commentary: Article 5, Article 7, Article 9, and “special relationship” in Articles 10-12.Available from the OECD online bookshop:www.oecdbookshop.org

OECD, Committee on Fiscal Affairs. Report on the Attribution of Profits to Permanent Establishments  (Paris: OECD, 2010). Available from the OECD online bookshop:

www.oecdbookshop.org

OECD, Committee on Fiscal Affairs. Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (Paris: OECD, 2010) [ISBN: 9789264090330]. Available from the OECD online bookshop:www.oecdbookshop.org

United Nations. UN Model Double Taxation Convention Between Developed and Developing

Countries 2011 (New York: UN, 2011): Article 5, Article 7, and Article 9. Available from United Nations Publications:https://unp.un.org

United Nations. UN Practical Manual on Transfer Pricing for Developing Countries (New York: UN, 2013). Available from the United Nations:www.un.org/esa/ffd/tax-committee/ta-transferpricing.html

Van Raad, K. Materials on International,TP and EU Tax Law 2014-2015. Volume 1(Leiden: International Tax Centre, 2014) [ISBN: 9789081583343]. Available from the International Tax Centre at Leiden University: www.itc-leiden.nl or b.bosman@itc-leiden.nl

Or available from Wildy & Sons: www.wildy.com

Case Law

The following court decisions:

• DSG [2009 UKFTT 31 (TC)]

• GE Capital [2010 FCA 344]

• GSK Canada [2010 FCA 344]

• Roche Products Property [2008 AATA 261]

• SNF (Australia) Pty Ltd v Commissioner of Taxation [Single Federal Court Decision, 2010

FCA 635]

• SNF (Australia) Pty Ltd v Commissioner of Taxation [Full Federal Court Decision, 2011

FCAFC 74]

• Unilever Kenya [2010 FCA 344]

Additional Reading

Van Raad, K. Materials on International,TP and EU Tax Law 2014-2015. Volume 2

(Leiden: International Tax Centre, 2014) [ISBN: 9789081583343] Available from the International Tax Centre at Leiden University: www.itc-leiden.nl or b.bosman@itc-leiden.nl

Or available from Wildy & Sons: www.wildy.com

Websites

EU Joint Transfer Pricing Forum:

http://ec.europa.eu/taxation_customs/taxation/company_tax/transfer_pricing/forum/index_

en.htm

Candidates should read the following sections:

1. Background, Achievements

2. Code of conduct on transfer pricing documentation for associated enterprises in the EU

3. Guidelines for Advance Pricing Agreements (APAs) in the EU

4. Guidelines on low-value-adding intra-group services

5. Potential approaches to non-EU triangular cases

6. Report on Small and Medium Enterprises (SMEs) and Transfer Pricing

7. Report on Cost Contribution Arrangements on Services not creating Intangible Property  (IP)

8. Report on Secondary Adjustments

9. Report on Transfer Pricing Risk Management

10. Report on Compensating Adjustments

OECD BEPS page: www.oecd.org/ctp/beps.htm

OECD Transfer Pricing page: www.oecd.org/ctp/tp

Candidates should read documents relevant to the syllabus within the “What’s New” and Transfer Pricing Projects” sections. Pacific Association of Tax Administrators (PATA)

Transfer Pricing Documentation Package: www.ustransferpricing.com/PATA_transferpricingpackage.pdf

United Nations: www.un.org/esa/ffd

Candidates should read documents relevant to the syllabus within the “Transfer Pricing” and “BEPS” thematic

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