TP Audit Forum | Two Sides of the Same Coin

Today, the Organisation for Economic Co-operation and Development (“OECD”) is championing the reformation of global tax landscape via the Base Erosion and Profit Shifting (“BEPS”) initiative. Specifically, with the introduction of BEPS Action 13 (Transfer Pricing Documentation and Country-by-Country Reporting), there is collaboration amongst Tax Authorities worldwide for mutual exchange of information and increased transfer pricing transparency.

Malaysia is NO exception as the Malaysian Inland Revenue Board (“HASiL”) continues to mirror the same by gazetting various transfer pricing rules and regulations.

With these enforcements, the transfer pricing compliance and audit scrutiny will persist to be a major focus of HASiL and NOW, the burden to prove the economic substance and arm’s length principle of intercompany/related party transactions is a greater responsibility for taxpayers. These are two sides of the same coin!

With the aim of perspective-taking of HASiL and taxpayers, we are pleased to invite you to join our forum co-paneled with experienced officers from the Multinational Tax Branch of HASiL. From this forum, we believe that we can heighten the awareness on transfer pricing compliance and audit scrutiny where taxpayers can benefit from understanding the main focus of HASiL and their expectations.

In this forum, amongst others, we will discuss topics and issues surrounding the following:

• Evolvement of transfer pricing in Form C of the Company’s Tax Return and taxpayers’ expected/next course of action;
• Walkthrough real-life transfer pricing audit cases covering restructuring exercise, tax incentives, consistently loss making position and inter-company financial assistance; and
• Sharing of best transfer pricing compliance practices.

Also, as a token of goodwill, KPMG will be providing a complimentary TP health check for taxpayers participating in this forum.

PANEL MEMBERS

From the Multinational Tax Branch of HASiL

1.     Puan Suhani binti Anuar – Director, Audit on Services Sector

2.     Puan Norzilah binti Mohd Arbak - Deputy Director, Audit on Services Sector

3.     Puan Esmarlina binti Mohd Isa - Director, Audit on Manufacturing Sector

From Global Transfer Pricing team of KPMG Tax Services

1.     Bob Kee - Executive Director

2.     Chang Mei Seen - Executive Director

3.     Ivan Goh - Executive Director

4.     Nivashini Rayapay - Director

REGISTRATION: Closes on 20 May 2022, and is on a first come, first served basis.

All delegates must register with their own respective email address in order to access/attend the webinar. Entry into the webinar is unique to the registered delegate’s email address and is non-transferable. If you are registering on someone else’s behalf, please ensure to insert the delegate’s email instead of your own.

PAYMENT: Payment must be made in full by 23 May 2022, with payment receipt submitted to KPMG. Only registrations paid in full will receive access to the webinar.

Supported payment methods: Visa/Master credit card; FPX; e-Wallet (TnG, Maybank QRPay, GrabPay, Boost, ShopeePay); JomPay; online bank transfer; cheque.

HRDF: This webinar is not HRDF claimable.

KPMG’s webinar series are conducted online; hence, you will need to have stable internet access in order to participate. While you may view the webinar using a mobile device, it is recommended to participate using a laptop/PC for optimal experience.