Multinational enterprises account for a large part of world trade and transfer pricing is an increasingly significant issue in the tax world. While the focus has traditionally been on direct taxation, transfer pricing and its implications for Customs now attract the attention of both governments and business more than ever.

For the first time, the WCO and the OECD are jointly organising an international conference that addresses the customs duty dimension of transfer pricing, bringing together the most authoritative and dynamic resources and specialists available in this field.

The aim of this conference is to provide a discussion forum for Customs administrations, revenue/tax authorities and economic operators in international trade and taxation to dialogue on the issue with a view to exploring ideas that could bridge the gap between direct and indirect taxation on the valuation of transactions between related parties.

The discussions will provide an opportunity to:

• Become acquainted with transfer pricing and its role in the multinational business environment

• Understand the importance of transfer pricing for multinational enterprises, for tax authorities and for Customs administrations

• Identify recent transfer pricing trends

• Gain a better understanding on how tax and Customs agencies value goods and services transactions between related parties or associated enterprises

• Compare Customs valuation rules and transfer pricing methods

• Debate the desirability and feasibility of having converging standards and coordinated administrative approaches