Desideratum for HR Excellence and Skills for New International Transfer Pricing Regime

In “Business Excellence and Leadership in VUCA World”, Ed. Nilam Panchal, pp.290-298, ISBN: 978-93-89652-98-7, Himalaya Publishing House (for B. K. School of Management, Gujarat University, Ahmedabad), Mumbai, India.

11 Pages Posted: 9 Apr 2020

See all articles by Pawan K. Chugan

Pawan K. Chugan

Nirma University - Institute of Management; AIIM - Ahmedabad; SPM - PDPU

Nilam Panchal

Gujarat University

Date Written: January 30, 2020

Abstract

In consonance with globalization, the International Transfer Pricing (ITP) rules have also been introduced in the countries, where they did not exist, or reformed as per the OECD guidelines in a number of countries where they already existed. In many countries the process of revamping these rules is still in process and existing rules are being reviewed and modified continuously for their effectiveness. In India, these rules were first introduced in 2001, and since then have been continuously being upgraded with the adoption of new provisions such as advance pricing agreements (APAs), Safe Harbour Rules (SHRs), Roll Back Provision in APA system, Tuning the existing rules in line with the BEPS, etc. and today country offers one of the best ITP regulations amongst the developed world. Nevertheless, for the effective implementation of the New International Transfer Regime, one of the major concern has been a required manpower with skills to deal with the related issues. To address this concern, and create awareness amongst the young graduates in this field, this paper first attempts to discuss some of the basic concepts and then spells out the desideratum (need) of human resources in this crucial area of international taxation and business.

Note: This paper was presented in the 5th International Youth Symposium, organised by the B. K. School of Management, Gujarat University, Ahmedabad during Jan. 30-31, 2020 and published in the reading book of the conference. It has been uploaded with permission from the editor of the book and may be used/cited by the researchers. Copyright of same however, rests with the editors and publishers and any commercial use of its contents may need permission for the same.

Keywords: International Transfer Pricing, Advance Pricing Agreement (APA), Safe Harbour Rules (SHR), Roll Back, BEPS, Arm’s Length Pricing (ALP)

JEL Classification: E24, E62, F2, F4, F21, F23, H2, H26, H32, H32, H87, J44, L1, L2

Suggested Citation

Chugan, Pawan Kumar and Panchal, Nilam, Desideratum for HR Excellence and Skills for New International Transfer Pricing Regime (January 30, 2020). In “Business Excellence and Leadership in VUCA World”, Ed. Nilam Panchal, pp.290-298, ISBN: 978-93-89652-98-7, Himalaya Publishing House (for B. K. School of Management, Gujarat University, Ahmedabad), Mumbai, India., Available at SSRN: https://ssrn.com/abstract=3554547

Pawan Kumar Chugan (Contact Author)

Nirma University - Institute of Management ( email )

Sarkhej Gandhinagar Highway
Ahmedabad, GUJARAT 382481
India

HOME PAGE: http://pawanchugan.wordpress.com

AIIM - Ahmedabad ( email )

Adani Shantigram, Vaishno Devi Circle
S.G. Highway
Ahmedabad, Gujarat 382421
India

HOME PAGE: http://pawanchugan.wordpress.com/

SPM - PDPU ( email )

Raisan
Gandhinagar, Gujarat 382007
India

HOME PAGE: http://pawanchugan.wordpress.com/

Nilam Panchal

Gujarat University ( email )

Department of Chemistry
Navarangpura
Ahmedabad, IN Gujarat 380009
India

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