Understanding Regional Transfer Pricing



Overview

Transfer Pricing (TP) is an area of tax that regulates the price between related parties.  Pricing of the transactions would have a direct impact on the profit attributable to the relevant parties.  Non-arm’s length transactions may result in unreasonable distribution of profit and impact tax collection in different jurisdictions. 

This programme aims to provide participants with foundational knowledge on the key principles and concepts of transfer pricing, and an understanding of the key elements and steps of a typical transfer pricing analysis. The speaker will discuss the key aspects of transfer pricing through the use of case studies and real examples to illustrate its importance to multinational groups and tax administrations. 

The Transfer Pricing course consists of 2 modules, namely:

  1. Transfer Pricing (Part 1) - Key Principles, Analysis and Methods 
  2. Transfer Pricing (Part 2):  TP considerations on specific transactions

 

Learning Objectives

Upon completion of this module, learners will be able to:

  • Understand what is transfer pricing and why is it important.
  • Get insights on the implication of transfer pricing for taxpayers and tax authorities.
  • Learn about Singapore’s approach to transfer pricing.
  • Understand the arm’s length principle, the concept of comparability and the transfer pricing methods.


Course Outline

Fundamentals of Transfer Pricing (Part 1) – 9am to 12:30pm

  • What is transfer pricing?
  • An introduction of the arm’s length principle
  • What is comparability analysis?
  • An introduction of transfer pricing methods
  • The TP legal framework in:
    • Singapore
    • Malaysia
    • Indonesia
    • The Philippines
    • Thailand

Advanced Topic of TP (Part 2) – 1:30pm to 5:00pm

  • How to analyse a transaction – steps to be undertaken
  • How to analyse the different types of transactions (with case studies):
    • Service transactions
      • services vs stakeholders functions;
      • how to determine the costs?
      • Is mark-up on total costs the only way to remunerate services?
    • Hard to value intangibles
      • Legal ownership vs economic ownership;
      • What are DEPME functions?
      • How to determine the value?
    • Financial Transactions   
      • Different natures of financial arrangements
      • Application of arm’s length principle
      • Determination of the arm’s length price

 

Target Audience

It is a course designed for whom are interested in taking up an international role in Trading and Pricing. It is also fit for finance professionals who would like to get up-to-date about International Tax. 

Trainer Profile

 


Joanna Lam

Joanna Lam currently leads the firm’s Transfer Pricing Services Practice.  She has extensive experience in providing TP advisory services to MNCs / SMEs, leading TP audit defence cases.  Before joining RSM, Joanna spent more than 15 years with Big 4 Firms in China South and Hong Kong. She was also involved in the first bilateral advance pricing agreements ("BAPA") between China and Japan, leading in a few other BAPA and unilateral advance pricing arrangement ("UAPA") cases. Besides, Joanna is also experienced in TP compliances engagements with regard to the preparation of TP Master Files, Local Files and Country-by-Country Reporting reports.

 


Administrative Details

  • Please log on with your Username and Password to register. If you have no existing account with Singapore Business Federation (SBF), please create one for registration.
  • Upon registration, you can make payment directly by PayPal (for Credit / Debit Card), PayNow Corporate or Bank Transfer. An auto e-acknowledgement and invoice will be sent to your registered email.
  • No cancellation is allowed upon registration but attendance by a replacement delegate from your company due to exigency could be facilitated. Please notify SBF of this change, giving at least 3 working days’ notice prior to the date of the workshop to enable logistical arrangements for the replacement.
  • Full payment must be received with registration prior to the date of the workshop to guarantee your place.
  • Admission into the workshop is only allowed if payment / proof of payment has been received prior to the day.
  • Participants will still be liable for payment in the event of no-show on actual day of the workshop.
  • SBF reserves the right to cancel, postpone, reschedule or make any adjustments to the workshop where necessary.

     

    Payment Options:

    Select one of the following electronic payment options available (Please key in the invoice number for our reference)

    • PayPal (pay by Credit or Debit card)
    • PayNow Corporate (UEN: T02SS0073H)
    • Bank Transfer (Bank / Branch Code: 7375 / 018, Account No: 118-313-180-5)
    • Billing Organisation via UOB or DBS Website/Mobile app

     

    Ref No.: SB230876

    DISCLAIMER

    All information, materials and related graphics contained herein and/or provided in the course of the training session(s) (hereinafter referred to as “Information and Materials”) are intended for informational and/or educational purposes only. The Singapore Business Federation does not claim ownership of any of the Information and Materials provided by the external training vendor(s). The information and Materials may from time to time include technical inaccuracies or typographical errors, and changes may be added periodically as may be necessary. Please note that photography, audio and video recording may occur during these events. All photography, audio and video recording may be used by Singapore Business Federation for education, marketing, promotional and/or publication purposes. If you do not wish to have your image recorded or published, for compelling and legitimate grounds relating to your particular situation, please inform our staff.

When
3/22/2023 9:00 AM - 5:00 PM
This event is full.

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