Customs valuation and transfer pricing : is it possible to harmonize customs and tax rules?

Resource Information

The work Customs valuation and transfer pricing : is it possible to harmonize customs and tax rules? represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Books.

Label

Customs valuation and transfer pricing : is it possible to harmonize customs and tax rules?

Creator

• Customs valuation and transfer pricing
• Jovanovich, J.M

Subject

• OECD Model
• OECD Transfer Pricing Guidelines
• UN Model
• WCO
• WTO
• arm's length principle
• customs valuation
• transfer pricing
• transfer pricing adjustment
• valuation
• GATT

Language

eng

Summary

Issues of transfer pricing have come to the fore in both international tax and customs regimes. In particular, the problem of how to apply the two systems of valuation to the same transaction is of widespread concern. This book offers, through detailed examination of relevant guidelines, transfer pricing methodologies, and business realities prevailing among multinational enterprises, a cogent and convincing account of how tax and customs transfer pricing regimes may be harmonized. Among other essential elements, the author discusses the following in depth: - the OECD Transfer Pricing Guidelines; - the GATT/WTO Customs Valuation Code (GVC) and other valuation rules in key jurisdictions and regional agreements; - the OECD and UN model tax conventions; - the arm's length principle; - methods, both traditional and new, of determining whether the parties' relationship influenced the price; and - additions to and deductions from the customs value. This second edition discusses new developments in the field, including a chapter on Commentary 23.1 and Case Study 14.1 of the Technical Committee on Customs Valuation of the World Customs Organization (WCO) - the first international instruments linking transfer pricing and customs valuation. The book concludes with an analysis of the circumstances and conditions under which the introduction of transfer pricing year-end adjustments to transaction value would be consistent with Article 1 of the GVC

Geographic coverage

International

Index

no index present

Language note

English

Literary form

non fiction

Series statement

Series on international taxation

Series volume

28