Transfer Pricing - Audit Readiness
Presenters : Carryn Alexander , Karen Miller
Overview
The video covers the typical steps of a transfer pricing audit and how to manage and strategise each step, from responding to the requests for information and building a positive relationship with SARS, to considering the possible outcomes of the audit. Dealing with a transfer pricing audit can build a good relationship with SARS or frustrate the relationship; it is important to ensure any relationship ensures a smooth progress of the audit and keeps doors open for meaningful resolution, whilst maintaining management of information flows and use of internal resources. Considering the end point is so important based on the relative strengths of the defence and supporting evidence.
Not all transfer pricing audits need to be settled with double taxation consequences. There are alternatives, and it is important to understand the implications of all of these as early as possible in the audit to ensure the best strategy is adopted to minimise cost and resolve the matter efficiently.
Video Content
- Dealing with SARS request for information and building the relationship – Carryn Alexander
- Looking at strategy from the beginning, how strong is the defence and the cost benefit analysis of settlement – Karen Miller
- Responding to the SARS Letter of Audit Findings and Finalisation of Audit Letter – reducing the scope to limit the dispute – Carryn Alexander
- Determining the next steps for resolving the matter – the options available and when to engage – Karen Miller
Competencies Development
A list of competencies developed in this CPD:
- Awareness of SARS powers in requesting information and legal position of when to respond
- Awareness of the dispute resolution process and timings
- Awareness of the options available and how these work and when they can be implemented
Related Webinars
Webinar: Exchange Control Changes – Estate Planning and the Dispersed Family 2021