Transfer Pricing Risk Assessment in Mining Workshop
The International Monetary Fund (IMF) estimates developing countries’ base erosion profit shifting revenue losses exceed USD 200 billion annually across all sectors.
With a long list of Sustainable Development Goals (SDGs) to finance, and the end of the commodities supercycle, it is now more important than ever that resource-rich developing country governments ensure that existing mining projects contribute their full share to government budgets.
This is why the IGF hosted a three-day training workshop on transfer pricing risk assessment in mining for the Government of Tanzania from August 27 to 29.
Twenty-four participants from the Tanzania Revenue Authority (TRA), the Ministry of Mines and the Ministry of Finance will attend. The training aims to build the capacity of government officials in developing countries to identify and address transfer pricing risks within their mining sector and protect the mining tax base from abusive transfer pricing.