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Navigating the New Transfer Pricing Landscape

Complying with the Changing TP Requirements in the APAC region

Expert Speaker Dr Sowmya Varadharajan

$428.00 (including GST)

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Overview

2019 is an important year, as it is the first year in which most markets in the Asia Pacific region will implement BEPS Action Plan 13: Transfer Pricing Documentation consistently.  As each local tax authority legislates transfer pricing documentation rules, stricter penalties are introduced for non-preparation of the transfer pricing documentation.

In addition, tax return disclosures, which collect information on related party transactions, are also being introduced.  It is therefore possible for taxpayers to be caught off guard and subject to additional penalties due to non-maintenance of documentation.  

This highly anticipated seminar will detail the transfer pricing landscape across the Asia Pacific regions, whereby countries are classified as Developed, Less Developed and Developing in terms of the transfer pricing framework. It will provide valuable insights on how transfer pricing compliance should be handled across these markets with varying sophistication, whilst addressing common tackle questions by taxpayers.

The objective of this seminar is to ensure that taxpayers achieve a state of readiness to manage their transfer pricing compliance and avoid unnecessary penalties.

PLUS! Bonus Value-Added:

  • Obtain a cheat sheet providing a succinct summary of the transfer pricing regime in key markets.  Taxpayers can rely on this to develop a robust transfer pricing action plan. 

What You Will Learn

At the end of this workshop, you will:

  • Understand the overall transfer pricing framework under OECD and how such a framework is applied by the individual countries
  • Discuss the common tackle questions by taxpayers on the pitfalls of transfer pricing compliance and how it should be managed to avoid unnecessary penalties
  • Build a robust transfer pricing action plan

Programme Outline

Obligations of Taxpayers under Action Plan 13 and Managing Transfer Pricing Compliance

  • Overview of Action Plan 13 and implementation guidelines provided to taxpayers
  • How “consistent” is the implementation of Action Plan 13? 
  • Find out what information on related party transactions is typically collected and learn how this impacts your transfer pricing documentation and analysis
  • Pitfalls of transfer pricing compliance under Action Plan 13
  • How to manage transfer pricing compliance in a cost effective manner when having operations across the Asia Pacific region?


Regional Transfer Pricing Framework – Developed, Less Developed and Developing

  • Cheat sheet for each of the market, outlining the specific nuances in the implementation of the transfer pricing legislation
  • Examining what does varying transfer pricing framework mean for companies that have operations across the region

Q&A

Expert Speaker

Dr Sowmya Varadharajan is a Director at IC Advisors Pte Ltd, a firm that helps companies design and document appropriate transfer pricing strategies and approaches for their related party transactions. Having been trained in the U.S. on international tax and transfer pricing issues through blue-chip corporations, Sowmya now applies her transfer pricing training to transfer pricing issues in the Asia Pacific region.  Sowmya has extensive experience in the high technology/semiconductor as well as pharmaceutical/biomedical industries. In addition to transfer pricing, Sowmya is also skilled in IP valuation.  With the growth in transfer pricing related audits in the Asia Pacific region, Sowmya has assisted clients in India, China, Malaysia, Indonesia and Singapore in defending their transfer pricing arrangements with tax authorities. Sowmya is an economist with Ph.D. in Economics from Cornell University and has more than 15 years of transfer pricing consulting experience.

Enquiries: email sg-events@wolterskluwer.com

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