TPA Global (web) Events 2019


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"Tax Controversy – Impact Of 'Disruptive' Digitalization Processes on Taxpayers"

In a world that is moving at a fast pace in the light of the “disruptive” digitalization processes happening at the moment, it is essential for taxpayers to be aware of their rights and of the balance of power existing between them and the tax authorities (“TAs”).  

In this webinar we will discuss rulings from the Dutch Supreme Court where the taxpayer’s right to be informed was assessed in the context of a mathematical calculation software.

This case raised the question of the discrepancy in the balance of power existing between the taxpayers and the TAs in respect of the latter’s access to information and analysis of such information. It also raises the question of the extent to which taxpayers are entitled to a right to be informed about the amount of tax they are bound to pay and the mechanisms behind the calculation of such amount by the TAs.

Key Highlights

With this objective in mind, we invite you to an informative webinar where we will discuss the following:

  • A summary of the Dutch Supreme Court case;
  • Discussion on what are the technological developments in the field of taxation;
  • Discussion on how should taxpayers prepare for this digitalization process and how the can safeguard their rights.

Speakers

Wednesday, 27 November, 2019

9:00 AM - 10:00 AM Mexico, USA and Canada
12:00 AM - 1:00 PM Brazil (BRT)
3:00 PM - 4:00 PM London (GMT)
4:00 PM - 5:00 PM Amsterdam (CET)
6:00 PM - 7:00 PM Moscow (MSK)

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"Custom Control Frame Work And The Use Of Smart Data Analytics"

How to deal with Customs compliance in a dedicated control frame; the use of smart data analytics and supply chain solutions to be ready for a severe and more punitive regulatory framework.

The international market and supply chain is changing its dynamics every day. This includes the future direction and growth path of E-commerce. Tariffs and VAT are thriving parameters used to shape the global relationships between trade partners/blocks.

At best, customs and tax authorities are trying to simplify the control framework at their end, without sacrificing the thoroughness and completeness of their audits. Key in this development is the requirement of smart data analytics.

The requirement of key data becomes larger, more diverse and comes from more and more different sources and will in the nearby future increasingly be required real time. Under the AEO requirement, auditors will also check whether you are in control of your dataflows and how you are using data to stay in control.

The issue for the need of data from different sources is to bring this data in one single database and to use digitised match file coding to enrich current base files with data from the other sources, digitise checks on filings before the actual filing, speed up the creation of 100% correct filings and reduce the need for administrative resources to review and work filings in excel spreadsheets.

Smart data analytics is to use digitised in process audits and a sound data governance model to enable:

  • compliant filing of VAT returns and Import/Export declarations;
  • reduces capacity requirements for operational filings;
  • focusses the operational filings on exceptions and real issues;
  • provides smart reporting to all levels that requires this, incl. CFO-level;
  • increases the “being in control" level from an AEO perspective.

Key Highlights

With this objective in mind, we invite you to an informative webinar where we will discuss the following.

  • How an import/export related data can be checked using logistics data.
  • Smart use of master files and dash boards for customs planning and internal audits.
  • How to use smart coding to drive VAT filing preparations.

Speakers

  • Jan Akkermans, partner XBT Digital BV, The Netherlands
  • Niek Bloemendaal, partner XBT Digital BV, The Netherlands

Wednesday, 11 December, 2019

9:00 AM - 10:00 AM Mexico, USA and Canada
12:00 AM - 1:00 PM Brazil (BRT)
3:00 PM - 4:00 PM London (GMT)
4:00 PM - 5:00 PM Amsterdam (CET)
6:00 PM - 7:00 PM Moscow (MSK)

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"R7VAT - Implementation Of Fully Automated VAT Compliance Solutions Made Easy"

One of TPA’s technology partners Cygnet Infotech has developed a comprehensive VAT solution named R7VAT MTD, which is amongst others recently approved by HMRC for use by companies in the UK to automate and manage their VAT returns filing process but can also be used broadly within the EU.

R7VAT MTD helps in end-to-end automation of the VAT process from extraction of data from source systems to preparation and submission of VAT returns.

R7VAT MTD:

  • Is available as a standalone software or as a complete VAT return summarization and preparation tool;
  • Is available as a cloud/on-premise solution depending on your needs;
  • Can be integrated with ERPs like SAP and Oracle for automated data extraction;
  • Can be customized and configured for specific organizational needs;
  • Can ensure that errors are identified and corrected before filing by implementing 400+ data validation checks;
  • Can track VAT obligations, VAT liabilities and VAT payments and provide alerts for the same;
  • Is configured with data security and encryption of the highest order with complete GDPR compliance.

Speakers

Thursday, 12 December, 2019

9:00 AM - 10:00 AM Mexico, USA and Canada
12:00 AM - 1:00 PM Brazil (BRT)
3:00 PM - 4:00 PM London (GMT)
4:00 PM - 5:00 PM Amsterdam (CET)
6:00 PM - 7:00 PM Moscow (MSK)

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“TPA Global’s Approach on Transactional Quantitative And Holistic Quantitative Value Chain Analysis”

Value Chain Analysis (“VCA”) has become a burning topic for discussion. It is of high importance, companies to understand how to conduct a Value chain analysis in order to support their transactions and define the value creation processes. Conducting a VCA analysis plays a vital role on supporting TP documentation, negotiation, communication to the board and other stakeholders.

We are all aware that in a qualitative analysis, four (4) different techniques are used. These techniques are: Pie charts, Porter’s style visualization, Process contribution analysis/Balanced score cards and Canvas. After a qualitative method, there is the need of a quantitative VCA.

A quantitative analysis allocates a portion of EBIT on a responsibility profile (i.e. investment, profit, revenue or cost centre) and the relevant carve-out method. Each entity from a multinational enterprise (“MNE”) is allocated a portion of EBIT based on the relevant allocation keys. Quantitative VCA is presented as a corroborative method for transactional transfer pricing.

In order to make this analysis more objective there are three (3) anchors that need to be followed:

  • Regulatory anchor-countries regulation requirements
  • Industry anchor-value drivers that have an economically significant impact on your EBIT
  • BEPS-compliant anchor- BEPS criteria for a proper quantification of carve-outs and allocation to countries/ legal entities

In this regard, an industry-wide analysis needs to be performed in order to enhance the robustness of the outcome. This process adds an extra layer of objectivity to the quantification.

Thus, a combined qualitative and quantitative VCA constitutes an important tool, which can provide a holistic economic view on the activities of the MNE group and further, analyse and align the operating model.

Key Highlights

With this objective in mind, we invite you to an informative webinar where we will discuss the following:

  • Presentation of Transactional quantitative VCA analysis, focusing on the price/profit level.
  • Presentation of TPA’s Global holistic quantitative VCA analysis, discussing every step of the of the process
  • Extended explanation with examples of the Simple and the Complex quantitative VCA
  • A detailed explanation of an industry-wide approach, in order to identify the key profit drivers of an industry.
  • Examples of some of the industry-wide analysis

Speaker

Wednesday, 22 January, 2020

9:00 AM - 10:00 AM Mexico, USA and Canada
12:00 AM - 1:00 PM Brazil (BRT)
3:00 PM - 4:00 PM London (GMT)
4:00 PM - 5:00 PM Amsterdam (CET)
6:00 PM - 7:00 PM Moscow (MSK)

Register now



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