The World Customs Organization today publicly released a new “instrument” concerning transfer pricing and customs valuation as adopted at the 42nd session of the WCO’s Technical Committee on Customs Valuation (TCCV).
Today’s WCO release explains that the instrument (reported earlier this week) and “case study” are being made available to the public, but are subject to approval by the WCO Council.
The TCCV—observing different methodologies have historically been used for transfer pricing (tax) purposes and customs valuation purposes, and that documentation developed for transfer pricing purposes may contain pertinent information for customs—developed the “case study” for demonstrating a customs-accepted sale price based on the transactional net margin method (TNMM).
Read the case study [PDF 91 KB]
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