Handbook on Transfer Pricing Documentation

Members of the Organization for Economic Cooperation and Development (OECD) have set themselves to work together to eliminate, albeit reduce to the barest minimum, the impact of aggressive tax planning, base erosion and profit shifting, consumption tax, dispute resolution, exchange of information, fiscal federalism network, global relations and development, public finance, tax administration, tax and crimes, tax policy analysis and tax treaties on cross border economic activities across national boundaries. Transfer Pricing has become a central topic in International Taxation as it places a central role in these identified barriers to cross border economic activities.The International Taxation Faculty of the Chartered Institute of Taxation of Nigeria has adopted the OECD guidelines and standards to produce the Handbook on Transfer Pricing Documentation to provide a working tool and basis for members of the Institute who need such knowledge to guidetheir practice and performance, as well as to upskill our professional members in this current area of international taxation. The Handbook provides a comprehensive overview of Transfer Pricing issues, together with technical analysis and implementation of Transfer pricing methods.The examples cited have provided additional boost to enhance the understandability of the issues discussed. This handbook becomes necessary to serve as guideline for tax practitioners, tax administrators as well others who are interested in the area of Transfer Pricing in particular, and international taxation in general. It is my sincere belief that this Handbook will help tax practitioners and administrators effectively in carrying out their various tasks and also serves as reference book for students of the Institute who want to fully understand Transfer Pricing procedures. I, therefore recommend the Handbook asunique and fit for general use and particularly for members of the Institute. Dame Gladys Olajumoke Simplice, FCTI14th President and Chairman of CouncilChartered Institute of Taxation of NigeriaLagosAugust, 2020