Transfer misPricing and Base Erosion and Profit Shifting (BEPS)

This course Transfer misPricing and Base Erosion and Profit Shifting (BEPS) in Dubai is a comprehensive learning program geared to help global finance and accounting professionals navigate the highly complex world of taxation.

Course contents

Transfer misPricing

Introduction to transfer pricing
The arm’s length principle
The OECD Transfer Pricing Guidelines
Transfer pricing rules and practices
Transfer pricing methodologies
Comparability analysis and data base researches
Common transfer pricing approaches applied in (financing activities, interest rates, intra-group services, fund management services, etc)
Transfer pricing documentation and tax risk management
Transfer pricing adjustments

Base Erosion and Profit Shifting (BEPS)

Background

International Standards in Tax Sovereignty
Weaknesses That Create Opportunities for BEPS
Challenges for International Taxation

OECD and BEPS

What is the OECD?
The Problems with Taxation Laws and Avoidance Mechanisms
What is BEPS?
The BEPS Action Plan
The Effectiveness of the BEPS Action Plan Across Nations

Neutralizing Hybrids, Interest Deductions, and Transparency

Neutralize the Effects of Hybrid Mismatch Arrangements
Restrict Base Erosion Through Interest Deductions and Other Commercial Payments
Counteract Harmful Tax Practices More Efficiently

Action Plans

Establishing International Coherence of Corporate Income Taxation
Reinstating the Full Effects and Benefits of International Standards
Neutralise the Effects of Hybrid Mismatch Arrangements
Guaranteeing Transparency While Promoting Increased Certainty and Predictability
The Need for A Prompt Implementation of The Measures
Prevent Treaty Abuse
Make Transfer Pricing Outcomes Consistent with Value Creation
Intangibles
Risks & Capital
Other High-Risk Transactions
Determine Methodologies to Gather and Analyse Data on BEPS And the Actions to Address It

Learning outcomes

Learn about different action plans for Base Erosion and Profit Shifting
Distinguish the related suggestions requiring a shift by tax policymakers to reinstate faith in the system, guarantee that profits are taxed where economic activities take place and create truthful economic value
Recognize the relationship between transfer pricing and certain areas of international tax
Assess action plans to provide countries with local and international tools that will better align rights to tax with economic activity
Identify fundamental transfer pricing adjustments and their impact on related international tax topics
Identify the accepted transfer pricing methods and recognize when each is appropriate to use
Recall how transfer pricing documentation can reduce penalties
Recognize the base erosion and profit shifting (BEPS) initiatives and their relationship to global transfer pricing
Have an overview of transfer pricing environment
Have a better understanding on transfer pricing rules and practices
Have an overview of the functional and economic analysis in transfer pricing reports
Understand the importance of transfer pricing documentation in an organization’s risk management strategy

Who must attend

The following personnel will benefit from the course:

Public and corporate tax professionals interested in building a solid foundation in taxation
Professionals of the financial sector aiming at acquiring a basic knowledge on transfer pricing principles and transfer pricing approaches
Accountants
Tax advisers
General tax practitioners
Tax practitioners in advisory firms
Tax specialists in commercial and trade industries
Government officials
In-house tax directors/managers
Tax regulation bodies