Introduction
Effective 1 January 2021, Taxpayers who fail to submit contemporaneous TP Documentation within 14days will be liable to a fine of minimum RM20K to maximum RM100K and TP adjustments will be subject a surcharge of 5% of the amount of increase, or reduction of any deduction or loss. Do you have contemporaneous TP Documentation ready for submission at LDHN’s request?
Discussion & Insights
- Identifying Controlled Transactions & Associated Persons
- Regulations & Legislations
- What to prepare – TP Doc/ TP policy
- TP Documentation that meets LHDN’s Requirements
- Meaning of Contemporaneous TP Documentation
- Contemporaneous TP Documentation preparation for Domestic TP
COURSE OUTLINE
MODULE 1: TRANSFER PRICING IN A NUTSHELL
- Transfer pricing – meaning, examples, risks and benefits
- Scope of TP in Malaysia
- Current developments of TP in Malaysia
- Legislation, rules and regulations
MODULE 2: KNOWLEDGE OF KEY CONCEPTS IN TRANSFER PRICING
- Meaning of control and associated, contemporaneous TP Doc
- The arm’s length principle
- TP Methodologies
- Comparability of transactions
- Intra-group services and financing
- Intercompany agreements
MODULE 3: GUIDANCE ON PREPARING LIMITED TP DOC
- Table of content
- Executive summary
- A Helicopter view
- Understand the business
- Group organizational structure
- Controlled transactions
- Pricing policy
- Comparability study to ensure arm’s length price for rental and interest for intercompany-loan
MODULE 4: TRACKLING AND RESOLVING PRACTICAL TP ISSUES
- Common issues and avoiding pitfalls
- Case laws and principles established
- Clear and practical TP framework for SMEs
- Stay prepared for TP audit by IRBM
- Walk through – True scenarios on intragroup rental and financial assistance
- Way forward
Time, Date & Fees
Date: 5 October 2021 (Tue)
Time: 9:00am to 5:00pm
Mode: Online Webinar
Fee: RM500/person (early bird
before 15 September 2021)
RM600/person
***Fee includes course notes
Download the brochure
Online registration:
For more information, please contact us:
TST CONSULTANTS SDN BHD
No. 5-1, Jalan 3/125D, Desa Petaling
57100 Kuala Lumpur
Office +603-90572233 (Ms Sally) Whatsapp +6016-209 2085 (TST)
Email to: info@tst.my or tstseminar@gmail.com