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Fundamentals of Transfer Pricing

Date & Time:
22 July 2020, Wednesday | 9.00 am - 5.00 pm
Venue: Hotel Istana, Kuala Lumpur
[Training will be conducted as per HRDF’s Guidelines for Conducting Face-to-Face Training during the COVID-19 Pandemic]

INTRODUCTION

This course covers, in detail, the fundamentals of Malaysian transfer pricing, as it relates to direct, or income, taxation. Focusing on the Malaysian Transfer Pricing Guidelines, the course addresses the importance of transfer pricing, the legal framework and the practical application of the arm's length principle by way of comparability analysis (Benchmarking studies) and the use of Transfer Pricing Methodologies. In addition, transfer pricing documentation and avoidance mechanisms would be covered.

The course is highly recommended for participants with no or limited knowledge and experience with transfer pricing, however it is also suitable for those that have previous experience with transfer pricing and wish to refresh or consolidate their understanding of the topic.

OUTLINE

  • Introduction
  • Arm’s Length Principle and Benchmarking Studies
  • Transfer Pricing Methods
  • Transfer Pricing Documentation
  • LEARNING OBJECTIVES

  • Appreciate the importance of international and domestic transfer pricing to multinational enterprise and SME’s
  • Analyse Malaysian legal framework for transfer pricing, taking into account international practice and guidance (including the OECD Transfer Pricing Guidelines)
  • Understand the arm's length principle, the concept of comparability and the transfer pricing methods in the Malaysian Transfer Pricing Guidelines
  • Apply the arm's length principle in practice, based on the guidance provided in the Malaysian and OECD Transfer Pricing Guidelines
  • Understand the purpose and content of Transfer Pricing documentation, including having an understanding of the best practises for this subject
  • Appreciate mechanisms for avoidance and resolution of transfer pricing disputes, including advance pricing agreements and TP documentations
  • TRAINER’S PROFILE

    Desmond Anil (ACCA, CTIM, CA (M))

    Mr. Anil is known as a chartered accountant and is a fellow of the Association of Chartered Certified Accountants (FCCA) UK, Chartered Tax Institute of Malaysia (CTIM), Malaysian Institute of Accountants (MIA), an affiliate with the Malaysian Institute of Charted Secretaries and Administrators (MAICSA) and are members of Federation of Malaysian Manufacturers (FMM) and a certified approved trainer by Pembangunan Sumber Manusia Berhad (PSMB/HRDF).

    He is the founder of Hernancres Group of companies and the managing director of Hernancres Tax Consultancy Sdn Bhd. During his time in the taxation fraternity, Mr. Anil has gathered a vast amount of knowledge which draws on both international and local experience in the following areas:

  • Individual taxes
  • Corporate taxes
  • Indirect taxes (Sales and Services taxes)
  • Transfer Pricing
  • Sales and Services taxes (SST)
  • He is an authorized certified tax professional on Sales and Services Taxes by the Royal Malaysian Customs and a Transfer Pricing specialist. He has vast excess to various networks locally and internationally.

    A specialist in the area of Transfer pricing and SST / VAT, Mr. Anil, through his trainings, is able to diagnose adverse or favorable impacts on businesses when new policies or business functions are put in place, resulting in corporation’s careful use of its resources.

    During his service, Mr. Anil works on projects in the agriculture, manufacturing, trading, consumer products, entertainment, service, food and beverages industries. He is a highly sought public trainer on Transfer Pricing and SST for Federation of Malaysian Manufacturers (FMM) and has conducted in-house trainings for various companies and consulted on issues related with tax and transfer pricing.

    COURSE FEES

    Early bird fee: RM901 per person - Register by 15 July 2020

    Normal fee: RM1,166 per person
    – SBL Claimable (Inclusive of lunch, tea breaks, notes, certificate of attendance and 6% SST)

    *Group discount of 10% available (for 3 or more participants from the same company)

    ORGANISER

    Malaysian Export Academy
    No. 86, Jalan BP 7/8,
    Bandar Bukit Puchong,
    47120 Puchong, Selangor.

    Tel : 03 8066 3107
    Fax: 03 8066 6152

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