Readiness check: How prepared are you for the new Transfer Pricing requirements?

You are cordially invited to attend this KPMG Executive Briefing on:

Readiness check: How prepared are you for the new Transfer Pricing requirements?

The Transfer Pricing landscape in Thailand is changing, with new requirements and regulations being introduced. The Thai Revenue Department (TRD) issued two new requirements:

• Notification of Director-General No. 407 (DG 407) on the list of information and documents required for Local File
• No. 408 (DG 408) on the Country-by-country reporting requirements.

In this webinar, you will hear from and discuss with our guest speakers, who both played a part in initiating tax policies and directions as well as apply tax laws and regulations in tax audits.

• Ms. Auranut Yanyongmeth, Deputy Director, Bureau of Large Business Tax Administration
• Mr. Intouch Piyanawin, Legal specialist

Specifically, this executive briefing will discuss the following topics:

• The development of Thai transfer pricing requirements from Paw 115/2524 to DG 407
• TRD’s tentative interpretation, analysis, and use of information from a local file
• The selection and exclusion of benchmarking studies to prove arm’s-length principle for each controlled transaction
• Transfer pricing risks and investigations during COVID-19 pandemic
• Country-by-country reporting requirements and responsibility