Doha chapter of ICAI conducts seminar on transfer pricing

The Doha Chapter of the Institute of Chartered Accountants of India (ICAI) recently hosted a seminar on transfer pricing (TP) regulations.The seminar "An Insight into Transfer Pricing Regulations" was attended by more than 100 participants, including finance professionals from leading organisations and students.Gaurav Garg, chairman of Norther India Regional Council of ICAI and transfer pricing expert, shared his experience in TP regulations and provided practical examples to enhance members' understanding.His presentation covered various topics, including three-layer TP compliance in Qatar, TP regulations, local and master file, and TP methods.Within TP transaction methods, he elaborated on three types of comparable uncontrolled price method, resale price method, and cost-plus method. He explained two types of transaction profit methods - profit split method and transaction net margin method.Moreover, he described the concept of tested party using real-time examples to facilitate members' understanding within their professional settings.Following the presentation, there was an interactive question and answer session conducted by Rajesh Singh, allowing participants to directly engage with the speaker.The Doha Chapter of ICAI was established in 1981 and is the oldest among the 38 overseas chapters of the ICAI. The current membership of the chapter is about 300, who hold key positions in private and public sector establishments in Qatar and are actively involved in support and development of accounting profession in Qatar.