IOTA Peer-to-Peer Technical Assistance Project “Roll-out of transfer pricing legislation in Malta”

Erika Szabó's picture
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Malta and the Slovak Republic shared experience in the framework of the IOTA Peer-to-Peer Technical Assistance Project “Roll-out of transfer pricing legislation in Malta”. The latest IOTA Peer-to-Peer Technical Assistance Project was successfully implemented by the Financial Directorate of the Slovak Republic as the Provider and Malta Tax and Customs Administration as the Beneficiary.

In the context of newly introduced transfer pricing legislation in Malta, the overall objectives of technical assistance were to address the technical gaps in specific areas of transfer pricing and to provide useful insights on the application of transfer pricing legislation. The specific objectives were to discuss case studies encountered by the Slovak experts and the application of the technical OECD transfer pricing guidance for such cases.

On 3-7 July 2023, two high-level transfer pricing trainers from Slovakia, Ms. Silvia Karelová and Ms. Katarína Lafférsová delivered an in-person Workshop in Malta, which was attended by 25 tax officials, including experts from the Maltese Competent Authority and tax auditors. 

During the 5 days of the event, participants focused on both general and specific transfer pricing topics, starting from arm´s length principle, comparability analysis, and transfer pricing methods, through transfer pricing risk indicators, database search, benchmarking, and finally to advanced pricing agreements and MAP procedures and transfer pricing approaches to specific transactions: intangibles, intra-group services, cost contribution agreements, financial transactions. All thematic sessions were supported by real case studies, which were found very useful.  Additionally, during a dedicated session, the trainees received a greater familiarisation of the use of transfer pricing databases especially on specific databases for financial transactions.

Overall, the Parties agreed that the project was successful and that the obtained knowledge will help the Beneficiary to initiate such next steps as issuing of the transfer pricing guidelines in relation to the local transfer pricing legislation and investing in further capacity building to operate such rules.

Find out more about the Project by visiting the dedicated Project page on the IOTA website.