PREPARING TRANSFER PRICING DOCUMENTATION ( 16 NOVEMBER 2015 )
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Preparing Transfer Pricing Documentation
Date : 16 November 2015 (Monday)
Time : 9.00 am - 5.00 pm
Venue : Concorde Hotel, Kuala Lumpur
WHO SHOULD ATTEND
> Tax Managers/Professionals
> Financial Controllers/Finance Directors/Managers
> Tax Managers/Professionals
> Those Involved in Corporate Tax Planning
The Income Tax (Transfer Pricing) Rules 2012 and the Income Tax (Advance Pricing Arrangement) Rules 2012 both dated 7 May 2012 were issued on 11 May 2012 and are effective retrospectively from 1 January 2009. This is an indication of the Government's growing focus on the enforcing transfer pricing compliance. As part of this growing compliance, IRB would require transfer pricing documentation in order to verify that the taxpayer has complied with arm's length standard and discharged the burden of proof. In addition, the YA2014 tax return includes a declaration by Malaysian taxpayers as to whether they have transfer pricing documentation.
It should also be noted that in almost all Asia Pacific countries where a group does business, there is somewhat of a requirement to report the correct amount of taxable profit according to transfer pricing rules. Documentation needs to be prepared for local purposes and be consistent across the group.
CCH Executive Events presents a workshop that gives you a practical understanding of how the new Income Tax Transfer Pricing Rules 2012 and Advanced Pricing Arrangement Rules impact your business and transfer pricing documentation. Learn how to prepare basic transfer pricing documentation from an IRB perspective. Understand how to analyse functions performed, assets utilised, and risks borne by each entity involved in a related party transaction.
Discover how to identify key technical and factual issues and highlight, if appropriate, the special factors supporting its arm's length nature in your documentation.
BENEFITS OF ATTENDING
ü Understand the risk and compliance issues arising from recent transfer pricing developments
ü Practical Pointers to evaluate your transfer pricing position and prepare transfer pricing documentation
ü Insights on how to defend your transfer pricing policies and critically evaluate transfer pricing documentation provided by external consultants
9.05am Overview of the Income Tax (Transfer Pricing) Rules 2012 and Transfer Pricing Methods
› Analysis of the key aspects of the rules
› Practical considerations in complying with the rules
› Contemporaneous documentation
› Overview of the transfer pricing methods
10.30am Coffee/Tea Break
11.00am Overview of Transfer Pricing Documentation – Company Overview/Industry Analysis
› Requirements per YA2014 tax return
› Key segments of transfer pricing documentation
› Provision of transfer pricing documentation template
› Writing the company overview
› Writing the industry analysis
12.00pm Networking Lunch
1.30pm Functional Analysis and Related Party Transactions
› Functions performed by each entity involved in the related party transaction
› Assets utilised by each entity involved in the related party transaction
› Risks borne by each entity involved in the related party transactions
3.00pm Coffee/Tea Break
3.30pm Economic Analysis
› Analysing related party transactions
› Understanding the requirements and process to determine appropriate transfer pricing method
› Benchmarking process
4.30pm Handling Transfer Pricing Audits in Malaysia
› Transfer pricing audit guidelines
› Focus areas of the IRB
› Case studies
5.00pm Questions & Answers
Anushia Soosaipillai ( Senior Executive Director, PricewaterhouseCoopers Taxation Services Sdn Bhd )
Anushia joined the PricewaterhouseCoopers Malaysia's transfer pricing and investigation group in 1999 and has vast experience in advising clients on transfer pricing projects such as price setting assignments, risk management reviews, preparing and submitting transfer pricing report to tax authorities, shared cost allocation and comparable studies. She works very closely with other tax and transfer pricing specialists within the PricewaterhouseCoopers network for assignments that involves clients with overseas and Malaysian operations.
Ai Ling Ong ( Executive Director, PricewaterhouseCoopers Taxation Services Sdn Bhd )
Ai Ling has over twelve years of experience in the area of transfer pricing, including two years working in London. She has been actively involved in numerous transfer pricing assignments covering industries such as oil and gas, electronics and electrical, consumer products, financial services industrial products, telecommunications and services industry. Her clients includes multinationals and Malaysian group of companies.
Fee includes workshop materials, certificate of attendance, lunch and refreshments.
CCH Executive Events Corporate Member/
CCH Subscriber : RM 1,240.20
Non-Subscriber : RM 1,378.00
* Prices are inclusive of 6% GST
This workshop is HRDF claimable under the Skim Bantuan Latihan and to sign up, please complete the registration form attached and scan to e-mail back to me.
Do contact me anytime for further clarification and assistance.
Thanks & regards,
Senior Events Consultant
Commerce Clearing House (M) Sdn Bhd
Level 26, Menara Weld
No. 76, Jalan Raja Chulan, 50200 Kuala Lumpur
D : +603 2024 8608
D : +603 2024 8608
M : +6016 255 7013
F : +603 2026 2093
E : firstname.lastname@example.org