Zoom in on Services Transactions
Know the key areas and issues to get your Transfer Pricing right in this area!
The myth that using the “cost plus 5% mark-up” practice for any intra-group service transaction makes an organisation compliant with transfer pricing (TP) regulations runs deep and is widely followed but is ultimately erroneous.
This live WEBINAR facilitated by Adriana Calderon, Director at Transfer Pricing Solutions Asia, will bust this myth and cut to the core of services transactions to highlight the practical key areas, blind spots and TP complexities.
In 60 minutes followed by a Q&A for tax professionals to exchange perspectives, participants will walk away with an understanding of
the practical issues to note in services transactions to minimise risk in this area.
|DATE||: Thursday, 28 May 2020|
: 2:30 - 3:15pm and 3:30 - 4:15pm
(Tech check from 2:15pm)
|VENUE||: Online. Register here: https://www.siatp.org.sg/EventDetail?id=278|
|DURATION||: 1.25 CPE hours|
: $ 88 (SIATP/ISCA Member)
$128 (Association Member/Transfer Pricing Solutions’ Client)
|CLOSING DATE||: Thursday, 21 May 2020 (unless fully booked prior)|
Adriana Calderon has extensive international experience with Big Four and
mid-tier firms advising multinational companies in the areas of corporate and international taxation across South America, the US,
Australia and the Asia Pacific Region. In Asia Pacific, Adriana has specialised in the area of TP, building on her Latin American
experience as a lawyer in commercial and tax legislation.
Adriana also enjoys teaching and has been involved in various TP seminars and workshops. Besides being a TP trainer at the Institute of Singapore Chartered Accountants, Adriana has also facilitated in training sessions for CFOs, tax teams of large companies and consultancies, and tax executives at the Australian Taxation Office.
*Asia Tax Awards 2017 by International Tax Review
Singapore is often a preferred location for setting up headquarters as the door to conduct business in Asia. The IRAS has released its views on how Singapore HQ's should plan and implement their transfer pricing framework. Want to know more? Read our article with our views on IRAS TP Guidelines for Singapore HQs.
The Malaysian Finance Bill 2020 incorporates transfer pricing-related changes to the current Income Tax Act, 1967 (“ITA”). The changes permit significantly greater authority to the Malaysia Inland Revenue Board (“MIRB”) and re-emphasises the importance of transfer pricing compliance, with effect from 1 January 2021.
The OECD guidance emphasised that, besides interest rates, all terms and conditions of the financing transactions (including the volume of debt) should be tested against the arm’s length principle.