The European Business Association (EBA) Moldova organized a practical seminar at the subject of technical implication of the transfer pricing concept, which assumes that a transaction between affiliates must be concluded at a market price. In other words, at the price at which would have been concluded a similar transaction in comparable economic conditions.
The course was facilitated by the KPMG Moldova team and it was focused on the following aspects: what is the transfer pricing mechanism; transfer pricing legislation and its impact on income and corporate tax; transfer pricing report; evolution of the “standard” method of documenting transfer pricing; BEPS impact on transfer pricing; preparing the tax payers for transfer pricing.
At the event participated representatives of private sector, member companies of EBA Moldova and partner companies of EBA Moldova, from different sectors (IT, producers, services, banking sector etc.)
“Both tax administration as well as private sector from Moldova, at the present moment are not prepared to implement the “transfer pricing” mechanism, and it is of prior importance for them to understand how it functions. This is why EBA Moldova invited KPMG team, the one that implemented this mechanism in Romania at the level of legislation and private sector, in order to answer to the requests coming from accountants of the companies member of EBA” declared Mariana Rufa, Executive Director, EBA Moldova.
The concept of “transfer pricing” is inevitable for the future fiscal politics of Republic of Moldova in 2016, in the context of harmonization of tax laws at the best standards of EU” mentioned Oana Motoi, Coordinating manager at the department of taxes, KPMG Moldova.
The training course was oriented to the specialists in accounting, directors and financial managers.
The training is organized under a project implemented by EBA Moldova with the support of the US Agency for International Development (USAID) through the East European Foundation and FHI 360. This training is made possible by the generous support of the American people through the United States Agency for International Development (USAID). The contents are the responsibility of the authors and do not necessarily reflect the views of USAID, the United States Government, FHI 360 and / or East European Foundation.
Source: http://agora.md/stiri/16018/eba-moldova-explica-mecanismul-de-implementarea-a-conceptului-de-preturi-de-transfer
