Deloitte Transfer Pricing Analyst Interview Questions and Answers

Q1. What is your work experience? Educational qualification
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Q1. What is transfer pricing? Which forms are used for filing? Methods in transfer pricing
Ans. 
Transfer pricing is the setting of prices for goods and services sold between related entities within an organization.
• Transfer pricing is used to determine the prices at which goods and services are transferred between related entities within a company.

• Forms such as Form 5471, Form 8865, and Form 8858 are commonly used for filing transfer pricing documentation.

• Common methods in transfer pricing include comparable uncon...read more
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Q2. Methods in transfer pricing
Ans. 
Transfer pricing methods are used to determine the price at which goods and services are transferred between related entities.
• Transfer pricing methods include comparable uncontrolled price, resale price, cost plus, and transactional net margin methods.

• The choice of method depends on the nature of the transaction and the availability of data.

• Each method has its own set of criteria and requirements for application.

• The ar...read more
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Q3. What is form 3CEB
Ans. 
Form 3CEB is a report that must be filed by certain taxpayers in India to provide details of international transactions.
• Form 3CEB is required to be filed by taxpayers who have entered into specified international transactions.

• It must be filed by taxpayers whose total international transactions exceed a specified monetary limit.

• The form requires detailed information about the nature of transactions, parties involved, an...read more
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Q1. Secondary adjustment? Thin capitalisation? Any sec in Income tax Hobbies Equalisation levy
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Q2. How to compute tax for a non resident company?
Ans. 
Tax for non-resident company is computed based on the income earned in the country and the applicable tax laws.
• Determine the income earned in the country

• Check the tax laws applicable to non-resident companies

• Calculate the tax liability based on the applicable tax rate

• File the tax return and pay the tax liability on time

• Consider any tax treaties between the home country and the host country
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Q3. What is the benefit of CBCR
Ans. 
CBCR helps increase transparency and reduce tax avoidance by requiring multinational companies to report their profits and taxes paid in each country they operate in.
• CBCR allows tax authorities to identify potential transfer pricing issues and take appropriate action

• It helps prevent base erosion and profit shifting by ensuring that profits are taxed where economic activities take place

• CBCR can also help developing coun...read more
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Q4. How many BEPS action plans
Ans. 
There are 15 BEPS action plans.
• BEPS stands for Base Erosion and Profit Shifting.

• The action plans were developed by the OECD and G20 countries to combat tax avoidance by multinational companies.

• Some of the action plans include addressing transfer pricing issues, preventing treaty abuse, and improving transparency.

• The 15 action plans were released in 2015 and are being implemented by countries around the world.
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Q1. Educational background
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Q2. Are you flexible to work with us
Ans. 
Yes, I am flexible and willing to work with the team to achieve our goals.
• I am open to adapting to changing work environments and schedules

• I am willing to collaborate with team members and adjust my approach as needed

• I am open to learning new skills and taking on new responsibilities to support the team
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Q1. What do you mean by transfer pricing
Ans. 
Transfer pricing refers to the setting of prices for goods and services sold between related entities within a multinational company.
• Transfer pricing is used to determine the value of transactions between different parts of a company, often located in different countries.

• It is important for tax purposes to ensure that these transactions are conducted at arm's length, meaning they are priced as if the entities were unre...read more
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Q2. Why do you want to work in transfer pricing team
Ans. 
I am passionate about analyzing complex financial transactions and ensuring compliance with transfer pricing regulations.
• I have a strong background in finance and accounting, making me well-suited for the analytical nature of transfer pricing work.

• I enjoy working with international teams and understanding the intricacies of cross-border transactions.

• I am excited about the opportunity to help companies navigate the comp...read more
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Q1. What would you do if you were in a fix regarding something that happened in your team?
Ans. I would go and ask other team members as to what can be done. Seek advice from someone other than the team.
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Was asked a scenario and how I would respond to it and what were my inputs

Q1. What is transfer pricing
Ans. 
Transfer pricing is the setting of prices for goods and services sold between related entities within a company.
• Transfer pricing ensures that transactions between related entities are conducted at arm's length to prevent tax evasion.

• It involves determining the appropriate price for goods or services transferred between different parts of a multinational company.

• Transfer pricing can impact a company's tax liabilities an...read more
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Q2. What is cost plus method
Ans. 
Cost plus method is a transfer pricing technique where a markup is added to the cost of production to determine the transfer price.
• Involves adding a markup to the cost of production

• Commonly used when the controlled transaction involves tangible goods

• Ensures that the selling entity earns a profit margin on top of the production cost

• Can be calculated based on comparable transactions in the market
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Q3. What are your strenghts and weaknesess
Ans. 
My strengths include attention to detail, analytical skills, and ability to work well in a team. My weaknesses include public speaking and time management.
• Strengths: attention to detail

• Strengths: analytical skills

• Strengths: ability to work well in a team

• Weaknesses: public speaking

• Weaknesses: time management
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Q1. Tell me something about yourself
Ans. 
I am a detail-oriented individual with a strong background in finance and a passion for transfer pricing.
• I have a Bachelor's degree in Finance and have completed courses in transfer pricing

• I have experience working with multinational companies to ensure compliance with transfer pricing regulations

• I am proficient in financial analysis and have strong communication skills

• I am a quick learner and enjoy working in a fast-p
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Q2. Where do you see yourself after 5 years
Ans. 
In 5 years, I see myself as a Senior Transfer Pricing Associate leading a team and working on complex international projects.
• Leading a team of transfer pricing associates

• Working on complex international transfer pricing projects

• Continuing to develop my expertise in transfer pricing regulations and methodologies
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Mcq based questions - moderate tough

Topic related to on going event

Q1. One on one round with senior manager of company
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Q1. One on one round with director of company
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Q1. What is your work experience? Educational qualification
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Q1. What is transfer pricing? Which forms are used for filing? Methods in transfer pricing
Ans. 
Transfer pricing is the setting of prices for goods and services sold between related entities within an organization.
• Transfer pricing is used to determine the prices at which goods and services are transferred between related entities within a company.

• Forms such as Form 5471, Form 8865, and Form 8858 are commonly used for filing transfer pricing documentation.

• Common methods in transfer pricing include comparable uncon...read more
Answered by AI
Add your answer
Q2. Methods in transfer pricing
Ans. 
Transfer pricing methods are used to determine the price at which goods and services are transferred between related entities.
• Transfer pricing methods include comparable uncontrolled price, resale price, cost plus, and transactional net margin methods.

• The choice of method depends on the nature of the transaction and the availability of data.

• Each method has its own set of criteria and requirements for application.

• The ar...read more
Answered by AI
Add your answer
Q3. What is form 3CEB
Ans. 
Form 3CEB is a report that must be filed by certain taxpayers in India to provide details of international transactions.
• Form 3CEB is required to be filed by taxpayers who have entered into specified international transactions.

• It must be filed by taxpayers whose total international transactions exceed a specified monetary limit.

• The form requires detailed information about the nature of transactions, parties involved, an...read more
Answered by AI
Add your answer