Transfer Pricing in Mining Workshop - worldbank.org

Transfer pricing has emerged as a key area of capacity building for African governments. Responding to this and within the context of the African Mining Vision and the Report of the High Level Panel on Illicit Financial Flows from Africa (the Mbeki Report), the Africa Minerals Development Centre ...

Get Price >>

Sample listing of fraud schemes - deloitte.com

The following listing of possible fraud schemes can be utilized by management and auditors to assist in identifying possible fraud risks, scenarios, and schemes when performing or evaluating management's fraud risk assessments. The listing of fraud schemes is not intended to be a complete listing of all possible fraud schemes for all industries.

Get Price >>

Ghana Manganese Company denies complicity in tax fraud ...

2 · The Management of the Ghana Manganese Company has denied government's allegations that it was engaged in tax evasion which led to the shutdown of the company. The company was on Monday ordered ...

Get Price >>

Ghana | Extractive Industries Transparency Initiative

Apr 05, 2019· Gold remains the leading mineral in revenue generation. According to the Ghana Labour Force Survey 2015, the total number of people employed in the mining and quarrying sub-sector which includes oil and gas was 74,663. The study estimates 257,606 people are engaged in enterprises in the mining and quarrying sub-sector.

Get Price >>

Ghana now a lower middle income country - Ghana News Agency

Ghana now a lower middle income country. ... $160 billion every year through transfer pricing fraud adding that recent studies in the mining sector also showed that Ghana lost about US$36 million ...

Get Price >>

Transfer Pricing in the Extractive Sector in Ghana

Transfer Pricing in the Extractive Sector in Ghana There is no specific transfer pricing penalty. Any additional tax raised following a transfer pricing adjustment will be deemed underpaid and therefore subject to normal penalties under the Income Tax Law. It is important to note that there is no

Get Price >>

Transfer pricing and its effect on financial reporting

This article examines the relationship between transfer pricing and an entity's tax and financial reporting. Due to increased IRS audit procedures, transfer pricing has become one of the riskiest areas for multinational corporations from both a compliance and tax planning perspective. Amazon, AOL, Adobe, Hewlett-Packard, Microsoft, and other multinationals have

Get Price >>

Transfer pricing, earnings management and tax avoidance of ...

Purpose This paper aims to investigate how transfer pricing (TP) and earnings management affect tax avoidance of firms in Ghana. Design/methodology/approach The authors use a panel data set from 20...

Get Price >>

Transfer Pricing in Mining: an African Perspective - IM4DC

implementation and application of transfer pricing legislation, and to fill some of the expertise gaps by focusing specifically on transfer pricing risks in the mining sector, with a specific focus on Africa. For this study, key transfer pricing risks are being mapped with the objective of formulating a practical framework for mineral-rich

Get Price >>

Ghana Transfer Pricing Country Summary Report 2018

Ghana published the 'Transfer Pricing Regulations, 2012 (L.I 2188) on 31 July 2012. The Internal ... Regulation of 2012, focused on audits in sectors like mining, oil and gas, manufacturing and the transfer ... (e.g. those pertaining to fraud or failure

Get Price >>

SAI GHANA TRAINING WORKSHOPS IN THE EXTRACTIVE …

RESPONDING TO EXTRACTIVE INDUSTRY TRAINING NEEDS IN SAI GHANA Award of Contracts and ... Assessment and Collection of Revenues.....production volumes, royalties, taxes etc. (determination of government share) Transfer pricing and Illicit Financial Flows(IFFs) Cost Recovery Revenue ... mining sector •Identify sources of revenue to government ...

Get Price >>

Ghana to strengthen tax laws to check transfer pricing as ...

Nov 17, 2011· And citing Ghana, he said recent studies in the mining sector showed that Ghana loses about $36 million a year through transfer pricing. He indicated that the Ministry of Finance and Economic Planning and the Ghana Revenue Authority (GRA) have drafted regulations to strengthen existing tax legislation to deal with the issue.

Get Price >>

transfer pricing fraud in the ghana s mining sector

transfer pricing fraud in the ghana's mining sector. factors affecting compliance in the minerals and mining, Political Economy of the Mining Sector in Ghana Political Economy of the Mining Sector in The net impact of the mining sector on Ghana's development Political Incentives Affecting Mineral Resource get more Research and Markets Precious Metals Mining in Ghana The Precious Metals Mining ...

Get Price >>

Regional careers job search - pwc.com

Industries Financial services Entertainment and media Energy, utilities and mining Public sector. Services Advisory services Assurance services Tax services. Insights Publications and insights Press room Subscriptions. About us Business School Corporate responsibility Global third party code of conduct Human rights statement Our Africa ...

Get Price >>

Tax and Development Programme: Assisting Developing ...

Pricing Minerals Sold in an Intermediate Form. Profit shifting via the pricing of mineral products in transactions between related parties is of particular concern for many countries. For developing countries, profit shifting risks are elevated where revenue authorities are still building their sector specific and transfer pricing expertise.

Get Price >>

Public Disclosure Authorized in Mining with a Focus on Africa

Transfer Pricing in Mining with a Focus on Africa A Reference Guide for Practitioners January 2017 By Pietro Guj, Stephanie Martin, Bryan Maybee, Frederick Cawood,

Get Price >>

Transfer pricing in mining with a focus on Africa - World Bank

Transfer pricing in mining with a focus on Africa : a reference guide for practitioners (English) Abstract. This book presents the results of a study on transfer pricing (TP) with specific focus on mining in Africa commissioned in early 2014 by the World Bank Group (WBG) in partnership with the International Mining for Development Centre (IM4DC).

Get Price >>

2013 Transfer pricing global reference guide - Ghana - EY ...

The provisions of the Act on fraud, failure to file returns, penalty for under-payment of tax and offences, may also apply to the transfer pricing regulations. Penalty relief Under Ghanaian law, any tax due and payable, resulting from an adjustment performed by the Commissioner General will …

Get Price >>

2017 Tax Guide for Petroleum Operations in Ghana - PwC

PwC Tax Guide for Petroleum Operations in Ghana 3 Message from Ghana's Tax Oil and Gas Leader I t is with great pleasure that we present you with the 2017 issue of our tax guide for the upstream petroleum sector in Ghana. There have been a few developments since our last edition in 2015. Primarily, the introduction of the Income Tax Act, 2015

Get Price >>

transfer pricing fraud in the ghana s mining sector

Transfer pricing in mining with a focus on Africa : a briefing note . Jan 1, 2017 This briefing note summarizes the results of research on transfer pricing (TP) in the specific context of the mining industry in Africa. The study (PDF) Addressing the Challenges of Transfer Pricing in Ghana. Feb 17, 2016 fraud.

Get Price >>

How to avoid being caught in a common gold scam – MINING.COM

Mar 20, 2012· We are the best in local mining in the history of mining in Ghana, we can supply up to 100kg per month, and we do CIF with no upfront payments needed by our LMO which is the local mining ...

Get Price >>

What Facebook And Apple Can Teach You About Transfer Pricing

Jul 29, 2016· Both are about transfer pricing, at least purportedly they are. ... That sale and transfer took place in 2010. ... calling the ploy a "fraud" and the U.S. tax law that permits it "obviously ...

Get Price >>

Ghana Mining Laws And Regulations Handbook

information from TPA's "Transfer Pricing Handbook for the Mining Industry", 2012 necessary implementing regulations/guidance. The mining industry of Zimbabwe is administered by the Ministry of Mines and Mining Development, the Zimbabwe Mining Laws and Regulations Handbook. U.S. President Thomas Jefferson signs into law the Act Prohibiting

Get Price >>

Political Economy of the Mining Sector in Ghana

government a limited share of revenues and the problem of transfer pricing. 2. Institutions and the political environment are central to understanding and rectifying the poor impact of mining on Ghana's economic development. This section highlights the vulnerabilities in mining sector governance along the natural resource management value

Get Price >>

ADDRESSING THE CHALLENGES OF TRANSFER PRICING IN …

ADDRESSING THE CHALLENGES OF TRANSFER PRICING IN GHANA ... US$160 billion every year through transfer pricing fraud. Recent studies in the mining sector showed that Ghana …

Get Price >>

Transfer Pricing in the Mining Sector in Guinea

This case study investigates the barriers to implementation of transfer pricing rules in the mining sector in Guinea. It forms part of a series of five country case studies including Ghana, Sierra Leone, Tanzania and Zambia. The result of this study is a number of recommendations that aim to provide guidance on practical steps to

Get Price >>

Govt loses out on mining tax - NewsDay Zimbabwe

May 30, 2017· Newsday Zimbabwe Everyday News ... Govt loses out on mining tax. ... but also subject to transfer pricing by the mining companies and their sister companies in …

Get Price >>

Oil and gas taxation in Australia Deloitte taxation and ...

5.1 Transfer pricing 7 5.2 Thin capitalization 7 5.3 Interest deductibility 8 6.0 Transactions 8 ... Exploration or prospecting expenditure is deductible in the year it is incurred where the taxpayer is carrying on mining ... capped effective lives for certain depreciating assets in the oil and gas sector.

Get Price >>

Developing countries lose $160b yearly through transfer ...

Jul 20, 2012· Developing countries are said to be losing about $160 billion every year to the practice known as transfer pricing. The Minister of Finance, Dr. Kwabena Duffuor who said this during the 2012 Ghana Budget presentation to parliament revealed that Ghana loses $36 million through transfer pricing in the mining industry alone.

Get Price >>

News from Transfer Pricing - ey.com

News from Transfer Pricing 23 September 2013 Ghana publishes Transfer Pricing Return and Practice Notes on transfer pricing regulations Executive summary In July 2012, Ghana introduced new transfer pricing guidelines through Transfer Pricing Regulations, 2012 (L.I.2188 or the Regulations). The Regulations came into force on 14 September 2012.

Get Price >>