Transfer Pricing Adjustment and Customs Implication

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Most people would associate transfer pricing as an income tax issue. Multinational groups develop transfer pricing policy to comply with the arm’s length requirement. Tax authorities worldwide carry out transfer pricing audits and this is the source of many controversies. Perhaps what is not so often reported is that transfer pricing can also be an area of audit by the Customs Departmen

Customs also have their own rules to govern transactions between related parties which are referred to as Rules of Valuation. There is a need to ensure that both rules can be harmonised and more importantly, when trying to comply with the arm’s length requirement, we have not inadvertently triggered adverse Customs’ implications. In today’s challenging economic conditions, taxation should not be an uncertainty. This can result in unnecessary tax risks leading to additional tax payable and penalties. 

To guide you through this challenging time, KPMG is organising a webinar session that will delve into the interaction between Transfer Pricing and Customs’ Rules of Valuation where you will be able to gain insights on the Customs’ implications when you make transfer pricing adjustments.

This webinar is complimentary, with limited slots available. Kindly peruse the details below, and register online using the links provided. 

Transfer Pricing Adjustment and Customs Implication     

Date: 26 June 2020, Friday

Time: 10.00am – 11.00am

This webinar will focus on the interaction between Transfer Pricing and Customs’ Rules of Valuation where you will be able to gain insights on the Customs’ implications when you make transfer pricing adjustments.

Who should attend:

  • C-suite executives
  • Finance and tax personnel
  • Supply chain personnel

Moderator:

Ng Sue Lynn
Head of Indirect Tax 
Speakers:
Bob Kee
Head of Transfer Pricing 
Huang Shi Yang
Director, Indirect Tax
Click here to register.

 

Important notes

  • KPMG’s webinar series are conducted online via Microsoft Teams; hence, you will need to have stable internet access in order to participate. It is recommended to use Microsoft Edge/Google Chrome browser for optimal experience.
  • Registration is on a first come, first served basis.
  • Questions may be posed in advance via the registration page.
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