Customs officials from Eastern and Southern Africa recently gathered in Pretoria for a specialized workshop organized by the World Customs Organization (WCO) and the Organisation for Economic Co-operation and Development (OECD). Held at the WCO Regional Training Centre, the event focused on two critical aspects of international trade: transfer pricing and customs valuation.
Bridging Tax and Trade Policies
Experts delved into the application of transfer pricing principles within customs valuation frameworks, emphasizing their interconnected nature. Participants examined practical methodologies to identify and assess transfer pricing risks, with special attention given to improving interagency collaboration between customs and tax authorities through information-sharing mechanisms.
Through case studies and group discussions, attendees explored operational challenges commonly encountered in cross-border transactions involving multinational corporations. The sessions provided actionable strategies to address valuation disputes and prevent revenue leakage.
Strengthening Regional Capacity
The event successfully advanced technical expertise among participating customs administrations while establishing a platform for ongoing regional cooperation. This capacity-building initiative supports fair trade practices, combats tax avoidance, and promotes sustainable economic development across Eastern and Southern Africa.
By aligning customs valuation approaches with international transfer pricing standards, the workshop contributes to more consistent application of trade rules and fairer distribution of tax revenues in cross-border commerce.