Often, course providers advertise their materials by highlighting how difficult it is to pass the ADIT exam without their course. We are not one of them – we know many cases when candidates successfully passed ADIT exams using only freely available resources. Here, we want to suggest useful books, guidelines and web-pages that can be especially helpful if you'd like to prepare for the transfer pricing exam yourself.
Who can prepare for the ADIT exam using only freely available resources?
It will be most comfortable for someone who:
- Already works for transfer pricing for at least a few years, and/or
- Has experience with transfer pricing cases and problems in real life, and
- Has sufficient time.
- If you don't have at least 250-300 hours for preparation, it will be
good textbook and the course summarize all syllabus topics, provide
concentrated knowledge and give you particular practical skills to pass the
exam, original texts and free resources will mainly give you detailed
theoretical knowledge (which does not mean it is always useful for the exam).
- You'll have difficulties building practical case solving skills. ADIT textbooks provide you with a
lot of practical examples, and good courses give a chance to practice case
solving. Reading only source documents and free resources, though, will not
help with this much.
- You'll have to do a lot of planning and structure your studies yourself. While courses and textbooks are usually built around ADIT syllabus and introduce transfer pricing field step-by-step, in a logical order, you may need to jump from one topic to another if preparing yourself.
generally recommend picking one syllabus topic at a time and then reading it in
several sources. Some issues are better explained in the OECD Guidelines, while
the UN Manual brilliantly covers others.
So now, what are these resources that may help you prepare for the exam?
Pricing and Developing Economies: A Handbook for Policy Makers and
By Joel Cooper, Randall Fox, Jan Loeprick, and Komal Mohindra (World Bank Group)
OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations
Difficulty: Advanced. It is a highly technical document written in the OECD language.
How to read: We do not recommend reading the OECD Guidelines from cover to cover in one go. It's best to cover one topic at a time and read it in other books in parallel. Start with the "Transfer Pricing and Developing Economies" on every topic you plan to study, and then move to the OECD Guidelines.
UN Practical Manual on Transfer Pricing for Developing Countries (2017)
How to read: In parallel with the OECD Guidelines (especially if you need more practical examples).
OECD/G20 Base Erosion and Profit Shifting Project 2015 Final Reports (Actions 8-10, 13)
OECD Model Tax Convention on Income and on Capital (and accompanying Commentary)
In case you don't have 300 hours for preparation, and/or you were not working with transfer pricing in the past, our textbook and the course will be especially helpful. The materials that we offer summarize and explain all ADIT transfer pricing topics in simple words. We also help you with gaining practical case solving skills that are critical for a successful exam sitting. By taking our course, you'll spend at least twice less time on preparation (reading source documents included), while feeling much more comfortable about the exam results.
Take our free module on intragroup services and download a free chapter of our textbook to check how it works!