TP Documentation and Benchmarking Analysis - How to get it right?

EventsTP Documentation and Benchmarking Analysis - How to get it right?

TP Documentation and Benchmarking Analysis - How to get it right?

Transfer Pricing (TP) documentation and benchmarking analysis are pivotal to defending your transfer pricing risks from the tax authorities. Hence, it is important for you to do them right. But HOW do you get them right?

Programme Objective
 
Transfer pricing documentation and benchmarking analysis are key when defending transfer pricing risks from tax authorities. However, the reality is that the theory and practice of preparing documentation and benchmarking analysis are very different, hence the importance of practical insights. 
 
This seminar is designed to share practical knowledge through real life case studies about key aspects of managing transfer pricing risks. You will learn:

  • Practical solutions on how to test related party transactions, including services, buy/sell transactions, intercompany loans with a case study using databases.
  • How to ensure that your documentation and benchmarking analysis are ‘bullet-proof.'
  • Practical tips to minimise risks related to benchmarking analysis to ensure you get it right
  • How to implement benchmarking results correctly and examples of how the implementation can go wrong.  


Programme Outline

Morning session

  • Refresher covering key principles of preparing documentation
  • The importance of functional analysis and characterisation of transactions
  • Common mistakes in the preparation of functional analyses and how to get it right
  • Principles and rationale for economic and benchmarking analysis
  • Alternatives available for testing related party transactions, are databases the only option?
  • Are searches and benchmarking analysis always required? How to identify exceptions?

Afternoon Session

  • Hands on case study using databases
  • How to test:
    • Service transactions
    • Buy/sell transactions
    • Intercompany loans
  • Do and don’t’s when testing related party transactions
  • How to identify ‘blind spots’ and key tips to minimise risks related to benchmarking analysis
  • How to implement the results of benchmarking analysis
  • Examples of how the implementation can go wrong.


Transfer pricing in practice can be very different to what you learn in theory. You need to have the right experience and practical insights in order to understand them. For that purpose, our Director in Transfer Pricing Solutions Asia, Adriana Calderon, collaborates with The Institute of Singapore Chartered Accountants and designs a one-day class to share what they have learned in the business

 

Read more about the event and REGISTER NOW https://eservices.isca.org.sg/CourseDetail?coursemasterid=a0g28000002aNb0AAE


Related Blogs

15 Sep

IRAS Issues COVID-19 Guidance on Singapore Transfer Pricing

COVID 19 Singapore Transfer Pricing Guidelines will help taxpayers to manage their transfer pricing risks caused by COVID 19, we have summarised our key practical tips in this blog. 


READ MORE
25 Aug

Advancing towards excellence with SIATP

Achieving tax excellence is not just about practical insights to manage the complexities, it is also very much about having a strong grasp of fundamentals to ensure a strong foundation. 


READ MORE
25 Aug

Gearing up for excellence in tax

As Transfer Pricing (TP) continues to be at the frontline of tax issues that companies with related party transactions face, it is vital to have a solid grasp of TP fundamentals.


READ MORE