KPMG India Assistant Transfer Pricing Manager Interview Questions and Answers

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. Why transfer pricing role?
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Q2. Why should we hire u?
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Q3. Challenges faced during ur audit?
Ans. 
Challenges faced during transfer pricing audit
• Difficulty in obtaining accurate data from multiple jurisdictions

• Interpretation of complex transfer pricing regulations

• Negotiating with tax authorities to reach a mutually acceptable outcome

• Managing communication and coordination between various stakeholders

• Keeping up with constantly evolving transfer pricing laws and regulations
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Q4. Secondary adjustment?
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Basic maths, logical reasoning and English questions.

Business decisions for a small auto parts manufcaturer

Q1. What do you understand 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 multinational company.

• It helps ensure that transactions are conducted at arm's length, meaning they are priced as if the entities were independent.

• Transfer pricing can impact tax liabilities, as t...read more
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Q2. Case study questions
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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. Basic questions related to TP
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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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