11.05.22
TRANSFER PRICING - AN INTRODUCTION TO THE RULES AND DOCUMENTATION

Academy

Transfer pricing is a challenging area in the field of international taxation with which multinational businesses performing intragroup transaction must comply. It is essential for every business to maintain a robust transfer pricing documentation file to support its intragroup pricing against challenges that will be imposed by the tax authorities of the interested state.

Being aware of the basic transfer pricing principles and the situations in which an obligation for the preparation of a transfer pricing study arises, will ensure effectiveness in informing the clients of their obligations and providing the at most assistance in fulfilling such obligations.

After the completion of the webinar, participants are expected to:

  1. Identify which parties are considered related as per the definition included in article 33 of Income Tax Law.
  2. Describe the reasons that created the necessity for the preparation of a transfer pricing study.
  3. List and describe the methods that can be used to prepare a transfer pricing study.
  4. Describe the concept of arm’s length principle and the global formulary approach.
  5. Choose the most appropriate method for the preparation of a transfer pricing study on a case-by-case basis.
  6. dentify whether a transaction should be supported by a transfer pricing study, organize the steps required to analyse, summarize, and present data, respond to audits, and defend results of the transfer pricing study.
  7. Participate in fruitful discussions regarding the proper preparation of a transfer pricing study.

The offered Professional Training Course has been approved by the Human Resources Development Authority of Cyprus (HRDA).

WHO SHOULD ATTEND?

This program is specifically designed for professionals who would like to become familiar with the essential concepts and principles of Transfer pricing in order to gain a better understanding of the field and correctly interpret the transactions they may potentially face on a daily basis in their working environment.

More specifically:

  • CFOs;
  • Financial Controllers;
  • Finance Managers;
  • Auditors;
  • Accountants;
  • Professionals with a particular interest in Transfer pricing;
  • Tax professionals.

This seminar contributes to Continuing Professional Development for 6 CPD Units.

WHERE AND WHEN

Venue: The course will be held online.
Date & Time: 11th May 2022, 09:00-12:15 & 12th May 2022, 09:00-12:15

Language: Greek language with slides in English

SEMINAR COST AND DURATION

The seminar’s cost and duration for participation is presented on the table below:

Duration Participation Cost

HRDA Subsidy
(for beneficiaries)1

Cost to the company
6 hours (2 days) €180.00 + 19% VAT €102.00

€112.20
( incl. VAT)

1 Beneficiaries: working in companies/organisations (€102.00 subsidy) and unemployed (100%) provided that they satisfy the conditions laid down by the HRDA. No financial support is provided for self-employed and public servants. Beneficiaries pay the difference of participation cost that remains after the HRDA subsidy. For unemployed beneficiaries the participation is free.
REGISTRATION

To register complete our online registration form here

MODULES

Introduction

PART A:

  • Analysis of the definition of related parties under article 33 of income tax law
  • Analysis of the arm’s length principle
  • Analysis of the global formulatory approach
  • Pros and cons of each approach and the position of OECD
  • Examples

PART B:

  • Explanation of Comparable Uncontrolled Price Method
  • Practical examples
  • Workshop

PART C:

  • Explanation of Cost-Plus Method
  • Practical examples
  • Explanation of Transactional Net Margin Method
  • Practical examples
  • Explanation of Profit Split Method
  • Practical examples

PART D:

  • The new transfer pricing legislation, changes, obligations, penalties and introduction of APAs.     
INSTRUCTOR'S CURRICULUM VITAE

Mr. Marios Palesis
Kinanis LLC, Partner

 

Marios is a qualified Accountant and a Fellow member of Association of Certified Chartered Accountants (FCCA), as well, as a member of the Institute of Certified Public Accountants of Cyprus, member of Advanced Diploma in International Taxation (ADIT) and International Tax Affiliate of the Chartered Institute of Taxation (CIOT). Marios has significant experience in Transfer Pricing and international tax planning. He is servicing clients in Cyprus, Malta, Eastern Europe and in other jurisdictions around the globe. His focus is on financial transactions and digital business.

 

ADDITIONAL INFORMATION

Contact Mrs. Ivi Papaioannou at academy@kinanis.com (22 558836)