Transfer Pricing and Customs Valuation; Two Worlds to Tax as One

This book discusses the intricate role of transfer pricing and customs value in today's international business environment. It examines in detail the relationship between valuation for transfer pricing purposes and valuation for customs, and the significance of the relationship for multinational enterprises, tax authorities and customs administrations. The book begins by reviewing relevant international standards such as the OECD Guidelines and the GATT/WTO Customs Valuation Agreement. This is followed by an in-depth discussion of related issues such as VAT and administrative matters. Country chapters provide practical insights into applicable legislation and valuation methods and case studies allow direct comparison between the practices of the different countries. It concludes by summarizing the existing relationship between transfer pricing valuations and customs valuations, and by suggesting possible solutions towards a more integrated approach. Contents: - Chapter 1: Introduction - Chapter 2: Transfer Pricing – OECD - Chapter 3: Customs Value - Chapter 4: Customs Valuation – EU - Chapter 5: Other Regions - Chapter 6: Comparison between Customs Valuation and OECD Transfer Pricing Guidelines - Chapter 7: Value Added Tax - Chapter 8: Administrative Issues - Chapter 9-21: Country Surveys (incl. 2 case studies) - Chapter 22: Conclusion