SVDP 2.0: Mitigating Tax and Transfer Pricing Risk

INTRODUCTION

Do you have Tax or Transfer Pricing Risks? Now is a good time to assess whilst the SVDP, an effective mitigating measure is still available. With SVDP 2.0 providing a full penalty waiver to voluntary participants, the IRB expects the take-up rate to far exceed that of SVDP 1.0. Taxpayers should avail of this opportunity to update their tax position for prior years. In addition to savings from full penalty waiver, taxpayers enjoy protection from tax/ transfer pricing audits. This program will assist you to identify and evaluate personal tax, corporate tax and transfer pricing risks and consider appropriate risk mitigation strategies including SVDP to alleviate your risks.

COURSE OUTLINE

Session 1 – SVDP 2.0

• Features of SVDP 2.0

• Application procedure and documentation requirements

• Pros and cons of SVDP 2.0

Session 2 – Tax Risk

• Identification of personal and corporate tax risks

• Means test

• Tax incentive conditions

• Quantification of such risks

Session 3 – Tax Risk (Cont.)

• Identification of TP risks

• Penalties for non-compliance with TP Rules

• Quantification of such risks

Session 4 – Tax Risk Mitigation

• SVDP 2.0

• Tax/TP audit management

• APA

• Tax governance

PROFILE(s)

Theresa Goh is the Founder and CEO of TG Consulting Sdn Bhd. She is currently providing Transfer Pricing (TP) services to multinational as well as local clients. These services include TP Audit Defence, Tax and TP Advisory, Preparation of TP Documentation and APA negotiation. She also advises and assists local and multinational clients with their applications for tax incentives. She is a Certified and Accredited Trainer with HRD Corp. She has conducted training for professional bodies (MIA, MICPA & CTIM) and has provided inhouse training to local conglomerates on Transfer Pricing. Prior to TG Consulting, she was a Senior Tax Partner in Deloitte Southeast Asia for 19 years. In a career spanning more than 40 years in Deloitte, she served major multinational clients in addition to domestic corporates. She served as the National Transfer Pricing Leader for 18 years.