Transfer Pricing – Principles and Contemporaneous Documentation

INTRODUCTION

Despite its importance in taxation, Transfer Pricing is an area not many are familiar with. Some taxpayers also believe that this is a topic that does not concern them and that only Multi-national Companies would be affected. To overcome these misconceptions, attention will be given both to what Transfer Pricing entails and the compliance essentials. This seminar presented in detail would also examine the practical requirements and concessions available in transfer pricing investigations.

COURSE OUTLINE

• What Transfer Pricing and Related Party Transactions are
• Pricing Methodology – The various acceptable methods
• How is the Arm’s Length Price to be determined?
• Contemporaneous Transfer Pricing Documentation – What is it?
• Return Forms and Transfer Pricing – What are the trigger factors?
• Transfer Pricing Audits & Investigations: Issues that Revenue will examine

Latest Transfer Pricing Amendments:
Structures, Adjustments, Surcharges, and Documentation-Penalties

PROFILE(s)

Vincent Josef began his career with the Inland Revenue Board in 1968 and over the next 35 years, he served in various Branches. Prior to his retirement, he was with the Operations Division of the Board Headquarters where he held the position of Assistant Director General. In addition, he has wide experience in lecturing at IRB events and Malaysian professional institutions including Chartered Tax Institute of Malaysia, Malaysian Institute of Accountants, CPA Australia, MAICSA and Commerce Clearing House (CCH) Malaysia. With his 50 years’ experience in the field of taxation, he also manages his own practice providing taxation consultancy services focusing on Tax Audits and Investigations. He has written a book “Tax Audit and Investigation Guide – Malaysia” published by CCH Malaysia and served as their Consultant Editor in respect of the Malaysian Master Tax Guide.