01int_Part:0int_limit:0234FalseFalseFalseFalseFalseFalse5 FMM Webinar on Latest Updates on Transfer Pricing Guidelines - Compliance and Penalties
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FMM Webinar on Latest Updates on Transfer Pricing Guidelines - Compliance and Penalties
Date : February 04, 2021
Time : 09:00 AM - 05:00 PM
Venue : Ipoh - ZOOM (Online)
Country : Malaysia

FMM Webinar on Latest Updates on Transfer Pricing Guidelines – Compliance and Penalties

February 4, 2021 (Thursday)  ||  9.00 am - 5.00 pm ||  via ZOOM (Online)
______________________________________________________________________








Transfer Pricing (TP) is not something new and has been first introduced in Malaysia effective from the year of assessment 2009?

Unfortunately,many Malaysian businesses especially SME have the wrong impression that TP does not relate to them and may not even be aware of the TP compliance requirement in Malaysia.

In the recent 2021 Budget Proposal, effective 1.1.2021, it is proposed that failure to furnish Transfer Pricing Documentation Report, under the new proposed Section 113(b) ITA 1967, the fine is between RM 20,000 – RM100, 000 or prison term up to 6 months jail or both.

Time

Programme

8.30

Registration

9:00

First Session

  • Introduction of the Tax/Transfer Pricing Scene In Malaysia
  • Overview of the tax/transfer pricing scene in Malaysia
  • Explaining the Latest Changes to the Malaysian Transfer Pricing Guidelines
  • Issues faced by taxpayers IRB's main focus
  • Arm's Length Principle

11:30

Second Session

  • How to prepare Transfer Pricing Report
  • Organisational chart
  • Overview of group
  • Overview of local entity
  • Industry analysis
  • Description of controlled transactions Analysis of pricing policies 

13:00

Lunch Break

14:00

Third Session

  • Comparability analysis
  • Functional analysis
  • Risk analysis
  • Financial analysis

15:00

Fourth Session

  • Selection of transfer pricing method
  • Application of transfer pricing method
  • Issues related to intragroup financing - Interest free loans
  • Recent tax cases on TP issues
  • Frequent Transfer Pricing Audit Issues

16:30

Q & A Session

17:00

End of Programme



















  Registration Fee (Per Participant)
No. of ParticipantsMemberNon Member
1 RM 424.00 RM 500.00
Registration Deadline: January 27, 2021
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