The format of this course is a Live Webinar. A detailed set of user instructions will be sent to you closer to date. Programme Objective Transfer pricing (TP) concerns the prices charged in transactions between related parties and such transactions are to be carried out at arm’s length. Where the pricing of related party transactions is not at arm’s length, the tax authorities may make TP adjustments to bring the transfer prices to arm’s length. At times, the company may review and make TP adjustments to arrive at the arm’s length outcome.A TP adjustment may indicate that the company has understated or overstated the value of its supply or import of goods or services for GST purposes. Therefore, the company may be required to make certain GST adjustments. The IRAS has recently issued a new GST e-tax guide on Transfer Pricing Adjustments on 9 November 2020. For past TP adjustments, GST-registered business will need to review these transactions to ascertain if the correct GST adjustments have been adopted.During this workshop, we will look at the GST adjustments to be made by GST-registered businesses for TP adjustments.
The format of this course is a Live Webinar. A detailed set of user instructions will be sent to you closer to date.
Programme Objective Transfer pricing (TP) concerns the prices charged in transactions between related parties and such transactions are to be carried out at arm’s length. Where the pricing of related party transactions is not at arm’s length, the tax authorities may make TP adjustments to bring the transfer prices to arm’s length. At times, the company may review and make TP adjustments to arrive at the arm’s length outcome.A TP adjustment may indicate that the company has understated or overstated the value of its supply or import of goods or services for GST purposes. Therefore, the company may be required to make certain GST adjustments. The IRAS has recently issued a new GST e-tax guide on Transfer Pricing Adjustments on 9 November 2020. For past TP adjustments, GST-registered business will need to review these transactions to ascertain if the correct GST adjustments have been adopted.During this workshop, we will look at the GST adjustments to be made by GST-registered businesses for TP adjustments.
GST treatment for TP adjustmentsAdministrative concession where no GST adjustment is requiredProxies that could be used to apportion the TP adjustment to various categoriesSupporting documentsWaiver of penalties Pre-requisitesPlease take note of the following admission requirements:Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory Mandatory for video camera to be turned on throughout the course Display your official name (as per NRIC) in Zoom, to facilitate attendance taking Training MethodologyLecture style with exercises / case studiesClosing Date for Registration1 week before course commencement or until full enrolment
Pre-requisites
Please take note of the following admission requirements:
Training MethodologyLecture style with exercises / case studiesClosing Date for Registration1 week before course commencement or until full enrolment
Intermediate to Advanced - Accounting and Tax Professionals
Past Participant
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