Transfer Pricing in Mining with a Focus on Africa : A Reference Guide for Practitioners
This book presents the results of a study on transfer pricing (TP) with specific focus on mining in Africa commissioned in early 2014 by the World Bank Group (WBG) in partnership with the International Mining for Development Centre (IM4DC). The Sou...
| Main Authors: | , , , , , , |
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| Format: | Handbook |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/801771485941579048/Transfer-pricing-in-mining-with-a-focus-on-Africa-a-reference-guide-for-practitioners http://hdl.handle.net/10986/26036 |
| Summary: | This book presents the results of a
study on transfer pricing (TP) with specific focus on mining
in Africa commissioned in early 2014 by the World Bank Group
(WBG) in partnership with the International Mining for
Development Centre (IM4DC). The Source Book opens with the
Introductory chapter identifying the need for the study and
the way it was conducted. This is followed by the main body
of the book that includes three parts. Part A (The mining
industry and transfer pricing) identifies what are the most
common transfer pricing issues in mining in general and
where they are likely to occur along the mining value chain.
Part B (The mining industry in Africa and transfer pricing)
considers the same issues specifically in the context of the
main commodities currently mined in Africa. This part and
its related appendices provide a comprehensive inventory of
current mining operations in Africa and information about
the revenue and cost structure of typical operations to help
establish a methodology for the assessment and
prioritization of transfer pricing risks, supported by
practical examples and case studies. Part C (Institutional
and administrative capacity) then relates to the question of
how to prioritize and address the issues covered in Parts A
and B and discusses the resourcing, skills and
organizational structures necessary to ensure that the arm’s
length principle is successfully abided to. The book closes
with a Discussion and Conclusions chapter which summarizes
the results of the study and the main strategies identified
as appropriate to improve industry’s compliance with sound
TP principles and the capacity of tax authorities to carry
out an adequate level of effective TP auditing, thus
minimizing revenue leakages. Relevant examples and case
studies are provided throughout the text in the form of
Boxes identifiable by a distinctive greenish-grey colored background. |
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