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News > Archived News > CIAT News > Seminar - workshop "Transfer pricing"

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Tax Transaction Costs Measurement Workshop

Seminar workshop "Transfer pricing"

Seminar workshop "Transfer pricing"

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In order to contribute to the process for the effective implementation of the

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legislation to regulate transfer pricing in Guatemala, the Tax Administration Superintendence in partnership with the German Cooperation Agency, through the Fiscal policy support ptroject- GIZ-, interAmerican Center of tax administrations - CIAT - and the Spanish Agency of international cooperation for development - AECID -, organized the seminar-workshop "transfer pricing", from Monday, February 25th.to Friday, March 1, 2013 in the city of Antigua Guatemala, which consists of five modules. The opening ceremony was conducted by Miguel Gutiérrez, Superintendent of tax administration, Hans Fucth, Coordinator of the Fiscal policy support project of the German cooperation Agency, Jesús Oyamburu, Director of the training center of Spanish cooperation Agency and Salvador Giovanni Garrido Valdez, Mayor Supervisor of the tax administration Superintendence. The opening lecture "Transfer pricing in Latin America: progresses and main barriers" was given by Márcio Ferreira Verdi, CIAT Executive Secretary. This workshop is aimed at professionals of the control, collection, customs, Legal Affairs, and all operational managements at national level Intendances, with the participation of control and resolutions professionals, They will discuss various issues and will develop case studies and specific aspects about transfer pricing, which will be under the direction of well-known experts from Latin America, including: Adriana García (Venezuela), Jairo Godoy (Ecuador), Oscar Ramos (Argentina) and Edgar Mendoza (Guatemala). It will also have the support of SAT professional collaborators. Among the topics to be discussed are: traditional transfer pricing valuation methods, non-traditional methods and the sixth method, applicable to imports and exports of goods (commodities), and anticipated price agreements (APAs). It is important to mention that "Valuation standards between related parties", known as transfer pricing standards, are regulated in chapter VI of book I of the updated Fiscal law, Decree number 10-2012 of the Congress of the Republic of Guatemala. The transfer pricing regulations serves as a legal instrument that provides SAT with powers and capabilities to reduce multinational companies risk to manipulate transfer pricing as a mechanism to avoid or evade paying taxes. With this seminar the tax administration superintendence makes an important step in the implementation of international standards in the fight against evasion and tax avoidance.

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