Program Description

The Income Tax (Transfer Pricing) Rules 2023 mandates corporate taxpayers with related parties transactions to disclose the date of completion of their Transfer Pricing Documentation (TPD) effective Year of Assessment 2023. TPD is no longer an option and must be completed before the tax return is filed. This programme uncloaks the complexities of transfer pricing requirements for an easy understanding of the principles and how to comply with the annual requirements, avoiding hefty non-compliance penalties.

What Will You Learn

• Understanding the theory behind the requirements to document related party transactions and the prices transacted

• Understanding the compliance requirements and the consequences of non-compliance with the Transfer Pricing Rules 2023

• Costs of compliance - The steps and processes for a company to prepare its own Transfer Pricing Documentation (TPD)

• Differences in approach to TPD

• Anatomy of a TPD & case studies

• Transfer Pricing Audits & Investigations - The Risks, Red Flags & IRB's approaches

• Study cases on real TP Audits & Investigations - Lessons that can be learnt

The Program Includes

Requirement