Transfer Pricing Certification
About Transfer Pricing
Transfer pricing refers to the setting of prices for goods and services sold between subsidiaries of a multi-national corporation. This practice is used to allocate profits among the various subsidiaries in a way that minimizes the overall tax liability of the corporation. It can be a complex process that requires careful consideration of the economic and legal factors involved, as well as the potential impact on the corporation's overall financial performance.
Who should take the Transfer Pricing Certification exam?
Individuals working in finance, tax, accounting, or other business-related fields who are involved in inter-company transactions and need to understand the principles and techniques of transfer pricing can benefit from taking a transfer pricing course. This may include financial analysts, tax specialists, auditors, and business managers.
Transfer Pricing Certification Course Outline
Transfer pricing refers to the prices at which related parties, such as subsidiaries of a multinational corporation, conduct transactions with one another. A typical course on transfer pricing may cover the following topics:
Introduction to transfer pricing, including its definition, purpose, and the importance of transfer pricing in multinational corporations.
Transfer pricing regulations, including the laws and regulations governing transfer pricing and how to comply with them.
Transfer pricing methods, including the most commonly used methods for determining arm's-length transfer prices, such as the comparable uncontrolled price method, the resale price method, and the cost-plus method.
Advance topics like transfer pricing in digital economy, transfer pricing in intangibles, and transfer pricing documentation.
Transfer pricing documentation, including how to document transfer pricing policies and procedures, and how to prepare transfer pricing documentation for tax authorities.
Advance topics like Advance Pricing Agreements (APA), Mutual Agreement Procedures (MAP) and transfer pricing audits.
Economic analysis, including how to analyze economic data and trends to support transfer pricing decisions.
Auditing and dispute resolution, including how to handle transfer pricing audits and disputes with tax authorities.
Country-specific transfer pricing regulations, including how to comply with transfer pricing regulations in different countries.
Best practices for transfer pricing, including tips and tricks for getting the most out of transfer pricing and strategies for troubleshooting and resolving common issues.