Intensive 2-day Virtual Training Course
Transfer Pricing (TP) Documentation
DIY Course
Learn how to prepare Limited Scope TP Doc
ON YOUR OWN
21 & 22 September 2023 (Thurs & Fri)
Time
9.00am to 5.30pm
Trainers
Trainers
Zen Chow
Jeremy Tan
Platform
ZOOM
Credit Card Installment
is AVAILABLE
is AVAILABLE
(For selected banks only)
Our 2-day Training
ENABLES You To Prepare Your Own Limited Scope TP Doc
- Understanding the TP principles
- Comprehensive Guidance to prepare a Limited Scope TP Documentation
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Step-by-step illustrations on how to prepare each section of the Limited Scope TP Documentation
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Case Studies, Examples and Q&As to help you to apply the TP principles
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Interactive Engagement with the trainers
- [FREE] Limited TP Doc Template (word file)
- [FREE] Limited TP Doc Sample Reports
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[FREE] More than 300 slides of slides content
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[FREE] BONUS 60 minutes Post Live Q&A session on 09.10.23 @ 2.30pm
We Are Here To Help
Why Do You Have To Prepare Transfer Pricing Documentation?
The concept of Transfer Pricing was first introduced into the Malaysian tax legislation effective 1 January 2009 with the enactment of the Section 140A of the Income Tax Act 1967, as well as the gazettement of the Income Tax (Transfer Pricing) Rules 2012 ("Malaysian Transfer Pricing Rules").
It is a statutory requirement for the taxpayers to prepare a contemporaneous comprehensive set of Transfer Pricing Documentation (TPD) (e.g. Full TPD) annually under the Malaysian Transfer Pricing Guidelines 2012, provided that:
- Annual gross income exceeding RM25 million and total related party transactions exceeding RM15 million per annum; or
- Provision of financial assistance exceeding RM50 million
This Means You DO NOT Have To
Prepare A "FULL" Transfer Pricing Documentation If Your:
Prepare A "FULL" Transfer Pricing Documentation If Your:
- Total annual revenue is < RM 25 million; OR
- Total value of related party transactions is < RM 15 million
When Should Transfer Pricing Documentation Be Made Available To The IRB?
Within 30 days for transfer pricing audit case commenced before 1/1/2021; or
Within 14 days for transfer pricing audit case commenced on or after 1/1/2021
How To Prepare Transfer Pricing Documentation?
2 options to prepare transfer pricing documentation:
2. Learn from Tax Agent and Do It Yourself
This SAVES YOU MONEY and you will KNOW how to prepare a transfer pricing documentation. You do not depend on Tax Agent anymore.
1. Tax Agent prepare for you (Outsource to Tax Agent to prepare)
To prepare transfer pricing documentation, it can easily cost you >RM10,000 (market price). And you will not understand how transfer pricing documentation can be prepared, since you are not the one doing it.
2. Learn from Tax Agent and Do It Yourself
This SAVES YOU MONEY and you will KNOW how to prepare a transfer pricing documentation. You do not depend on Tax Agent anymore.
Understand the Transfer Pricing Penalty
The Budget 2021 announcements gazetted under the Finance Act 2020 have tightened the Transfer Pricing compliance requirements in Malaysia with effect from 1 January 2021.
Section 113B: Penalty of between RM20,000 and RM100,000 for failure to submit the transfer pricing documentation.
What will be covered during the course?
- Introduction to TP & Overview of TP in Malaysia
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Who & When Should Prepare TP Documentation
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Duty & Importance of TP Documentation
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TP Adjustments and Penalties
- Limited TP Documentation:
- (i) Business Overview (ii) Controlled Transactions (iii) Pricing Policies
- Overview of Five (5) TP Methodologies
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Overview of Benchmarking Study
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TP Considerations for Specific Transactions
(i) Intragroup Services (ii) Introgroup Financing
- [DIY SESSION] Prepare Your Own Limited Scope TP Documentation
About The Trainers
Zen Chow
YYC Tax Practice Leader
YYC Tax Practice Leader
BBusCom (Monash), CPA (Aust.), C.A. (M), FCTIM, CTP
- More than 16 years of experience in both direct and indirect taxes
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Licensed Tax Agent by the Ministry of Finance (MoF)
- Licensed GST Agent by the MoF
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A Council Member of the Chartered Tax Institute of Malaysia (CTIM)
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A qualified consultant and certified HRD Corp trainer
Jeremy Tan
YYC Transfer Pricing Specialist
BSc Business & Management (Oxford Brookes)
- 10 years of experience in one of the Big 4 accounting firms and mid-tier accounting firms
- Provides corporate tax planning and advisory services for local SMEs as well as cross-border clients dealing with international taxation laws & regulations.
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Rich experience in manages a wide range of transfer pricing engagements
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A qualified consultant and certified HRD Corp trainer
YYC - Who Are We and Why Should You Trust Us?
- Expertise and Experience - Our firm, YYC, has a 48-year history of helping clients take their business to newer heights. Our tax advisors have over 75 years of combined experience in the industry and have been involved in tax compliance and tax advisory work in various fields.
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Proven Track Record - Our team is led by tax professionals who are bilingual (Mandarin and English) and regularly give tax-related talks and seminars that have benefitted over 12,000 individuals to-date.
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Passion To Help - After coming across so many frustrated business owners who had been paying loads of unnecessary tax for YEARS until they met us, we are very committed to tackling tax problems, hence why we developed this course to help companies impacted by the tightened Transfer Pricing compliance requirements.
Established in 1974, YYC is an Asian-grown accounting and advisory firm. Backed by our commitment to empower entrepreneurial success, YYC Group has served 20,000 clients across Malaysia and Singapore. Through our YYC Business School, we have also trained more than 130,000 participants with more than 5,000 workshops conducted to date.
HAVE QUESTIONS?
Contact us at +6010-8247309 (WhatsApp HERE) or yyctaxworkshop@yycasia.com
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