THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Transfer Pricing Workshop (Mandatory Training) – Recording
Theme: Facilitating international trade through efficient tax systems
Date: 16th -17th June 2021
Time: 8.30am – 3.30pm
Venue/Platform: Virtual Symposium
OVERVIEW
In the past few years there has been increased attention on activities of multinational enterprises (MNEs) in Kenya and the East Africa region with a particular focus on pricing arrangements of transactions between related parties. Economists and analysts around the world are aligned in saying that the economic crisis, that will follow the lockdown imposed by the pandemic, will be worse than the financial crisis of 2008. If this will be the case, multinational groups (“MNEs”) should carefully evaluate how this crisis will impact their transfer pricing (“TP”) policies in place as well as many other Transfer Pricing related aspects.
Focus shall be on the Transfer Pricing challenges in the developing world (with special focus on Africa) and tax transparency in the post-BEPS era. To appreciate the ever-changing aspects of transfer pricing and comprehend these challenges, it is essential to fully understand the transfer pricing principles and methodologies and their practical application
Learning Objectives
Appreciate the importance of international transfer pricing to multinational enterprise groups and tax administrations.
Specifically, the Seminar will focus on the following areas:
i. Can budgeted financial information be used to support the setting of arm’s length prices under COVID-19 conditions?
ii. Understand the arm’s length principle, the concept of comparability and the transfer pricing methods in the OECD Transfer Pricing Guidelines
iii. Apply the arm’s length principle in practice, based on the guidance provided in the OECD Transfer Pricing Guidelines
iv. Understand the purpose and content of transfer pricing documentation and gain better insight in the international guidance on this subject.
v. Appreciate mechanisms for avoidance and resolution of transfer pricing disputes, including advance pricing agreements, as well as the mutual agreement procedure and arbitration.
vi. Impact of the 2021/22 Budget on international trade and tax practices – does the budget reflect positive effect on international trade and transactions?
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully completion of the Webinar.
TARGET AUDIENCE:
The course is suitable for finance and tax personnel of multinational enterprises, tax accountants, economists and lawyers, in-house tax managers, tax and transfer pricing advisers, and government officials.
FINANCIAL COMMITMENT:
The Webinar charges are Kshs. 10,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance
ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/Online Booking
We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions is mandatory.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 719 074 000, (+254) 733 856262 or via email to onlinelearning@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.