Description
The requirements and regulations of the transfer prices of goods and services between legal entities, especially in an international setting.
Alternative labels
international taxing of transfer prices
overseas taxation of transfer prices
international taxing of a transfer price
multinational taxation of transfer prices
international taxation of a transfer price
foreign taxation of transfer prices
Skill type
knowledge
Skill reusability level
sector-specific
Relationships with occupations
Essential knowledge
International taxation of transfer prices is an essential knowledge of the following occupations:
Customs and excise officer: Customs and excise officers approve or deny the passage of goods through customs barriers for international business and ensure compliance with consignment legislation. They facilitate communication between import and export trading institutions and government officials, and are responsible for taxation calculation and ensuring payment.
Optional knowledge
International taxation of transfer prices is optional for these occupations. This means knowing this knowledge may be an asset for career advancement if you are in one of these occupations.
Tax advisor: Tax advisors use their expertise in tax legislation to provide commercially-focused advisory and consultancy services to a wide range of clients from all economic sectors. They explain complicated tax-related legislation to their clients and assist them in ensuring the most efficient and beneficial payment of taxes by devising tax-efficient strategies. They also inform them of fiscal changes and developments and may specialise in tax strategies concerning mergers or multinational reconstruction for business clients, trust and estate taxes for individual clients etc.
Pricing specialist: Pricing specialists analyse production prices, market trends and competitors in order to establish the right price, taking brand and marketing concepts into consideration.
References