Transfer Pricing Workshop

On September 26, the AMCHAM Customs and Excise and Tax Councils organized a comprehensive Transfer Pricing Workshop in collaboration with the Customs Department. This exclusive, trailblazing capacity-building session brought together approximately 70 officials from the Customs Standard Procedures and Valuation Division, Legal Affairs Division, and Post-Clearance Audit Division, marking a new approach to AMCHAM advocacy.

The workshop covered crucial aspects of transfer pricing and its intersection with customs valuation. It began with an in-depth introduction to transfer pricing concepts and methodologies, and a significant portion was dedicated to sharing best practices from other countries and the World Customs Organization (WCO) guidelines.

The workshop concluded with a set of actionable recommendations presented to the Customs Department, aimed at enhancing their understanding and application of transfer pricing principles in customs valuation. Throughout the event, attendees engaged in dynamic discussions, fostering a collaborative environment for knowledge exchange. This workshop not only advocated for AMCHAM members but also contributed significantly to building capacity within the department on this crucial issue for cross border trade.