KPMG Organizes Transfer Pricing Audit Training For Business Executives

KPMG organizes intuitions
OpenLife Nigeria reports that KPMG Nigeria, a global network of professional firms providing Audit, Tax and Advisory services, is organizing a training programme on Transfer Pricing Audit for business executives.
The training, according to the statement made available to OpenLife by the audit firm, holds between May 11 & 12 2021.

The statement reads:

“This is to inform you that KPMG will be organising a training programme on ‘Managing Transfer Pricing Audits in an Aggressive Tax Environment’ on 11 & 12 May 2021.

The transfer pricing (TP) audit environment has become increasingly aggressive, more so in an era of revised TP regulations and the Federal Inland Revenue Service (FIRS) active focus on protecting its revenue base.

Also, as TP is still evolving in Nigeria and TP audits are significantly different from normal tax audits, taxpayers have faced a lot of uncertainties as to the FIRS’ approach to the TP audit process. This can be very challenging for taxpayers and lead to mismanagement of the TP audit process, delay in the resolution process and increased additional tax liabilities.

Therefore, it is imperative that taxpayers gain a comprehensive view / understanding of the TP audit process to minimize exposure to additional tax liabilities. This training programme will provide participants with insights on:

a. effective management of the TP audit process.
b. conducting internal TP risk assessment.
c. measures to proactively mitigate TP risk exposures during the audit process.

The course is accredited by the Institute of Chartered Accountants of Nigeria (ICAN) as part of the Mandatory Continuing Professional Education (MCPE) programme.
Participants who are ICAN members will be awarded continuing professional development (CPD) credits at the end of the training.

We trust that the training programme will be beneficial to you and your staff. We look forward to receiving your nominations.

For additional information email or call on Barbara Mbaebie 0818 263 6019 or Okwa Omojo on 0816 480 8080. barbara.mbaebie@ng.kpmg.com”