Introduction

The International Tax Compliance and Reporting Practicum is a hands-on, intensive training course designed for tax professionals who want to enhance their expertise in global tax compliance and international tax reporting. This program focuses on practical application through real-world scenarios, emphasizing the challenges faced by corporations in complying with international tax laws, adhering to local tax regulations, and reporting accurately in a cross-border context.

Throughout the five-day program, participants will engage in interactive sessions, including case studies, role-playing exercises, and compliance simulations that reflect the complexities of global tax reporting requirements, including compliance with OECD guidelines, BEPS (Base Erosion and Profit Shifting) initiatives, automatic exchange of information (AEOI), and local tax audit procedures.

Participants will leave this program with a deeper understanding of how to manage multinational tax filings, how to implement effective transfer pricing strategies, and how to handle cross-border tax issues while maintaining full compliance with evolving tax laws.

Objectives

By the end of this program, participants will:

• Master the compliance procedures for international tax filings, focusing on local regulations and global tax agreements.
• Understand the reporting requirements for multinational companies, including tax disclosures, transfer pricing reports, and the impact of digital tax reporting systems.
• Gain experience in preparing and filing international tax returns for multinational corporations.
• Learn how to manage cross-border tax audits and adjust strategies to remain compliant with evolving regulations.
• Build practical skills for managing global tax risks, including audit risks, penalties, and managing disputes with tax authorities.
• Develop strategies for optimizing international tax compliance while maintaining corporate integrity and avoiding aggressive tax positions.

Who Should Attend?

This program is designed for:

• Tax professionals, including tax directors, managers, and advisors who are responsible for international tax compliance.
• CFOs, tax officers, and finance professionals managing multinational tax structures and compliance efforts across borders.
• Transfer pricing experts and compliance officers in organizations with global operations.
• Corporate legal professionals involved in international taxation, tax law, and regulatory compliance.
• Tax consultants and advisors helping corporations navigate cross-border taxation and multinational tax returns.
• Regulatory authorities and government representatives working in international tax policy and tax compliance enforcement.

Course Structure – Two Interactive Sessions Per Day

Day 1: Introduction to International Tax Compliance and Reporting

Session 1: The Global Tax Compliance Landscape

• Overview of international tax compliance: Key elements and global tax standards
• Introduction to OECD tax guidelines and their impact on international tax reporting
• Understanding the role of BEPS (Base Erosion and Profit Shifting) in compliance and reporting
• Key international tax agreements and the role of tax treaties in reporting compliance
• Case study: Setting up tax reporting procedures for a global corporation operating across multiple jurisdictions

Session 2: Local Tax Compliance and Reporting Requirements

• Understanding local tax laws and reporting obligations in various jurisdictions
• How to handle local tax filings, tax returns, and disclosures
• Compliance with transfer pricing documentation: How to ensure accurate and detailed reporting of cross-border transactions
• Hands-on simulation: Preparing a local tax return and identifying potential compliance gaps for a company operating in Asia
• Case study: Managing foreign tax credits and double taxation through proper local compliance

Day 2: Transfer Pricing and Compliance in Cross-Border Transactions

Session 3: Transfer Pricing Rules and Compliance Strategies

• Deep dive into transfer pricing rules: How to comply with OECD guidelines and local requirements
• Best practices in preparing transfer pricing documentation to avoid penalties and ensure audit defense
• Reporting arm’s length transactions: How to structure cross-border contracts, including intangible assets, intercompany loans, and royalty arrangements
• Hands-on exercise: Preparing transfer pricing documentation for a cross-border loan agreement between related parties
• Case study: Managing transfer pricing audits and defending against adjustments in an international context

Session 4: Cross-Border Transactions and Tax Filing Compliance

• Complying with reporting requirements for cross-border financial transactions and foreign affiliates
• Tax filings for foreign income and ensuring compliance with repatriation taxes
• Navigating the digital economy’s tax implications: How to report cross-border digital transactions and digital services taxes
• Simulated practice: Filing tax returns for an international transaction involving a foreign subsidiary and global e-commerce business
• Case study: Understanding tax treaties and their effect on withholding taxes and foreign tax credits

Day 3: The Impact of Digital Tax and Data Reporting Systems

Session 5: The Rise of Digital Tax Reporting Systems

• Introduction to digital tax compliance: The role of e-filing and automated tax systems
• How digital tax platforms are changing the reporting process for multinational corporations
• The impact of AEOI (Automatic Exchange of Information) and CRS (Common Reporting Standard) on global tax compliance
• Practical exercises: Setting up a digital tax reporting system to meet the OECD’s Common Reporting Standard requirements
• Case study: Managing cross-border financial data and handling data protection concerns in digital tax reporting

Session 6: Reporting in the Digital Economy

• Understanding tax reporting for businesses in the digital economy, including cloud computing, e-commerce, and cross-border services
• Managing digital services taxes (DST) and adapting tax strategies to meet the specific reporting requirements for digital businesses
• Simulation exercise: Reporting cross-border sales transactions from a global digital services provider
• Case study: Tax audit preparation for a multinational digital platform

Day 4: Managing Tax Audits and Dispute Resolution

Session 7: Navigating International Tax Audits

• The role of tax audits in global compliance and how to prepare for international tax reviews
• Key strategies for auditing tax returns, including transfer pricing reports, and cross-border transactions
• Simulated tax audit: Responding to international tax audits on a company with multinational operations
• Hands-on activity: Documenting tax positions and preparing responses to audit inquiries
• Case study: Managing an audit dispute with local tax authorities in a foreign jurisdiction

Session 8: Resolving Tax Disputes and Managing Penalties

• Tax dispute resolution mechanisms: How to manage tax disputes across different jurisdictions
• Minimizing penalties through effective disclosure and voluntary compliance programs
• Hands-on exercise: Handling a tax dispute involving transfer pricing adjustments and preparing a defense strategy
• Case study: Resolving a multinational tax dispute in the EU and US

Day 5: Final Tax Compliance Reporting and Presentation

Session 9: Integrating Tax Compliance and Reporting

• How to integrate global tax compliance and reporting procedures into the corporate tax function
• Developing a global tax compliance strategy that aligns with local and international reporting requirements
• Hands-on exercise: Creating a global tax compliance plan for a multinational corporation
• Final group activity: Preparing a comprehensive tax report that includes multinational compliance data, transfer pricing documentation, and digital tax disclosures

Session 10: Final Presentations and Certification

• Participants will present their final tax compliance reports and receive feedback on their compliance strategies
• Certifications of Completion will be awarded to participants who successfully complete the program and demonstrate proficiency in international tax compliance and reporting practices
• Networking session and post-program resources for continued professional development in international tax compliance

Conclusion & Certification

• Participants will leave with a comprehensive understanding of international tax compliance and the ability to manage cross-border tax filings, transfer pricing, and digital tax reporting
• Certificate of Completion awarded to those who successfully navigate complex global tax reporting scenarios and comply with evolving international regulations