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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 workshop 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 trainer 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.

Event Detail

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):
o Service transactions
 services vs stakeholders functions;
 how to determine the costs?
 Is mark-up on total costs the only way to remunerate services?
o Hard to value intangibles
 Legal ownership vs economic ownership;
 What are DEPME functions?
 How to determine the value?
o Financial Transactions
 Different natures of financial arrangements
 Application of arm’s length principle
 Determination of the arm’s length price

Programme/Agenda

Trainer Profile

Joanna Lam currently leads the Transfer Pricing Practice at RSM Singapore and has extensive experience providing TP advisory services to MNCs and SMEs, as well as leading TP audit defence cases. She spent about 20 years with Big 4 Firms in South China and Hong Kong and was also actively involved in the first bilateral advance pricing agreements ("BAPA") between China and Japan, including a few other BAPA and unilateral advance pricing arrangement ("UAPA") cases. Furthermore, Joanna is experienced in TP compliance engagements related to the preparation of TP Master Files, Local Files and Country-by-Country Reporting reports.

WHO SHOULD ATTEND

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.

Contact Detail

Fee includes training materials, lunch and tea-breaks.
Upon completion of the workshop, participants will be issued an E-Certificate of Attendance.
For more information on the workshop or customized/in-house training, contact Josephine Ong at
Email: josephine.ong@sbf.org.sg
Tel: 67011135
SGD‎690.00 (Non-Member)
SGD‎690.00 (Non-Member)