in a nutshell
The secret is revealed. This probably won’t be news to you, but there is a strong interaction between transfer pricing, customs and VAT. Income tax authorities may have different views on how valuations are considered from a transfer pricing perspective, and on valuation structures recognized by customs authorities, but a company’s transfer pricing policies/adjustments impact on cross-border trade in the United States can no longer be ignored. Ultimately, it will affect your taxable/VAT position.
This webinar discusses compliance obligations regarding TP adjustments and how they affect you and your company from a Customs/VAT perspective. We live in a different world with more and faster access to all the information the authorities need. This has led to a significant increase in his TP audits over the past few years, with many clients asking him how his TP policies and his TP adjustments affect their trade operations, customs valuations, and his VAT burden. I’ve seen you struggle to understand. Here, we provide clear guidance to help you navigate these elements to ensure you meet all compliance requirements and prepare for unwanted scrutiny from income, VAT or customs authorities.By the German Supreme Tax Court According to the latest decision (VII R 2/19), the Community Customs Act does not allow the reduction of the transaction customs value through retroactive transfer pricing adjustments. Our experts will research this decision and assess the possible impact.
speaker: Olivier Van Beeren, Dieter Geens, Thomas Kkanza, Sylvain Gelton
If you would like to obtain a recording of this webinar, please feel free to contact Edward Jacquemyn.
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