Transfer pricing is the pricing of goods, services, and intangibles between related parties. The arm’s length principle should be adopted for transfer pricing between related parties. Taxpayers should prepare and keep contemporaneous transfer pricing documentation (TPD) to show that their related party transactions are conducted at arm’s length.
With the advent of Base Erosion and Profit Shifting (‘BEPS’), transparency has become the new norm. Tax Authorities have been armed with loads of information through the exchange of Country-by-Country Report (‘CbCR’).
The world is moving towards greater enforcement of Transfer Pricing regulations and disclosure of cross-border tax affairs and information. InCorp will be conducting a TRANSFER PRICING workshop on 22th March 2019. Topics to be covered include introduction about Transfer Pricing regime in Singapore.
- What is Transfer Pricing
- Introduction to Singapore Transfer Pricing regime
- Why is it important for the businesses
- Arm’s length principle and comparability analysis
- Transfer Pricing Documentation: Master File and Local File
- Country-by-Country Report
- Audit by IRAS – Key trigger areas and Dispute Resolution
|Date||March 22, 2019|
|Time||5:00pm to 6:00pm|
|Venue||30 Cecil Street, #15-08 Prudential Tower, Singapore 049712|
Who Should Attend?
Anyone who engages in transactions with related parties, i.e. companies within your Group, be it sister companies, associated companies or subsidiaries.