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How does transfer pricing affect customs duty and the amount of indirect taxes paid? paper

Published on 09 Sep 21 by NATIONAL DIVISION, THE TAX INSTITUTE

This paper covers:

  • The impacts of transfer pricing policies on customs duty and indirect taxes paid in the current environment, including practical examples of the impact of the changes in the global tariff landscape
  • The relevance of trying to align the TP pricing to the customs duty assessment;
  • Implications of the potential disconnect between the customs valuation method and the transfer pricing method applied, and in particular, the potential custom duty impacts when using a transfer pricing method that measures the arm’s length result on an aggregate basis (TNMM or APAs);
  • The importance of considering year-end TP adjustments and whether they are made within the parameters stated in the customs valuation 
  • Practical examples of transactions that should be considered/reviewed.

 

Author profiles

Lorena Sosa Carrillo
Lorena has over thirteen year’s professional experience with global firms in both Australia and Latin America. Her experience includes assisting Grant Thornton International with the coordination of the Transfer Pricing practice, globally. Lorena is a Partner heading the Sydney and Brisbane transfer pricing practices for Grant Thornton, advising clients on Transfer Pricing issues and international tax planning. She has extensive experience in assisting corporates involved in the technology, retail and e-commerce sectors, plan their transfer pricing and tax optimisation strategies, particularly in scenarios where corporates are looking to expand into overseas markets in the US, China, Europe and the Asia-Pacific regions. - Current at 10 August 2021
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Richard Nutt

 

This was presented at 2021 National Transfer Pricing Conference .

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