[Online] Transfer Pricing & Withholding Tax
Course Information
  • 07-Jan-2022
  • Online
  • T. Seelan
  • English
  • RM 650 RM 570
    Until 17 Dec 2021
  • 9:00am - 5:00pm

[01] INTRODUCTION

Globalisation is driving corporations to explore new markets for growth opportunities and increase their cross border transactions. Are you able to confidently apply the latest withholding tax concepts in your daily business operations? Separately, the Finance Act 2020 was gazetted and had been in operation since. There are several new provisions found in the Finance Act 2020 that aim to strengthen the enforcement for transfer pricing (“TP”) compliance in Malaysia. This comes in the backdrop of increased enforcement by the Inland Revenue Board ("IRB"), via updating the timeline for furnishing TP Documentation (“TPD”) in the Malaysian TP Guidelines ("MTPG"), released on 29 January 2021. Therefore, it is important to understand the practical issues arising from the latest changes to withholding tax and transfer pricing to avoid non-compliance penalties and reduce the cost of doing business.

 

[02] COURSE OBJECTIVES

• Obtain a comprehensive and detailed analysis of key transfer pricing (TP) and withholding tax (WHT) issues and pitfalls to avoid

• Understand key features of the main double taxation agreements and the reduced withholding tax relief

• Get practical tips on applying relevant tax treaties principles

• Learn how to minimise WHT & TP exposure and avoid costly tax penalties

 

[03] WHO SHOULD ATTEND?

• CEOs/ CFOs

• Finance Directors/ Managers

• Financial Controllers

• Accountants/ Treasurers

• Accounting and Finance Team

• Business Entrepreneurs

• Business Advisors

 

[04] DATE, TIME & FEE

 

DATE: 7 January 2022 (Fri)

TIME: 9.00am - 5.00pm

MODE: Online/ Interactive

[HRDF CLAIMABLE]

 

FEE:

- Early Bird Offer (before 17 Dec 2021)    -    RM 570

- Special Offer (before 1 Jan 2022)    -    RM 610

- Normal Fee.   -    RM 650

 

>> Fee includes Course Notes, Certificate of Completion and 6% Service Tax.

 

** OFFER **

- 10% Cashback for SST2u Learner Card+ (SLC+) members. T&Cs applied.

 

[05] COURSE FEATURES

 

[01] What is Transfer Pricing (‘TP’)?

- Why is it Important?

- The Legal Framework

 

[02] The Malaysian Tax Environment In Relation to TP

- Malaysian Transfer Pricing Rules

- The OECD Transfer Pricing Guidelines

 

[03] Comparability

- The Arm’s Length Principle and Comparability

- Comparability Factors

- Comparability Adjustments

 

[04] Transfer Pricing Methods

- CUP Method

- Resale Price Method

- Cost Plus Method

- Transaction Net Margin Method

- Profit Split Method

- Other Methods

 

[05] Applying the Arm’s Length Principle

 

[06] What is Withholding Tax?

 

[07] Public Rulings on Withholding Tax

 

[08] Brief Overview of Double Taxation Agreements and related issues

- Procedure for Reduced Withholding Tax Rates under Double Taxation Agreements

 

[09] Overview of Base Erosion and Profit Shifting (BEPS) Project and Related Issues

 

[10] Brief Updates on Case Laws involving With holding Tax on Royalty and Management Fees

 

[11] Budget 2017 impact on Withholding Tax and Cross Border Transactions

 

[12] Other Related Issues

 

[13] Budget 2021 Updates

 

[06] SPEAKER PROFILE

 

T. SEELAN

Principal Consultant C.A. (M), FCCA, MIAE

 

Tharmaseelan has vast experience in the field of Accounting, Taxation, Internal Control Systems and Finance for almost 15 year in an international accounting firm and local consultancy firms. His career spanned across wide working experience and exposure in Accounting, Taxation, implementing Internal Control Systems and Finance in consultancy firms, a leading hotel in Langkawi and in a leading hotel training college. He has also developed Business, Accountancy and IT Programs with various colleges, and these programs are validated by foreign universities and professional Bodies. He was attached to a medium size audit firm as a Senior Audit Assistant before he moved over to an established international tax company where he held the position as a Tax Senior. He then joined an established professional firm as the Tax Manager where he oversaw the computation, submission and resolving tax issues for clients. His tenure with an established Consultancy as a Senior Consultant gave him the opportunity to designed internal control systems & implemented it. He also advised his clients on compliance with accounting standards and tax regulations. His last position prior to going into practise was as the Associate Director of The Business School where he was responsible for restructuring the Busines School and identifying suitable courses and obtaining accreditation from various bodies and universities. He is currently in practice offering his expertise and knowledge to corporate and professional clients, locally and worldwide. His specializations are in designing and setting up of Accounting, Taxation, Finance, Internal Control and Operational Systems as well as in performing Operational Audits.

His well-esteemed clients include those in the hospitality, education, manufacturing and service-based industries. He has trained personnel from numerous private sector companies and the public sector, including MK Land Berhad, KULIM HI TECH Berhad, including, Majlis Bandaraya Shah Alam, Permodalan Nasional Berhad, Institut Jantung Negara, Tradewind Hotel Group, Bintulu Development Authority, Ritz Carlton Hotel, Putrajaya, IOI Resort, Majlis Perbadanan Sibu, Lembaga Urusan Tabung Haji, Tenaga Cable Industries, Yeo Hiap Seng, Kobe Precision, Eon Finance, International Islamic University, Petroliam Nasional Bhd, Progressive Insurance Bhd, Subang Jaya Medical Centre, The MINT Hotel, KLIA Pan Pacific Hotel, Bank Rakyat, Toshiba Electronics, UDA Holdings Bhd, Komag USA, Bank Industri & Teknologi (M) Bhd, PPB Group and TH Plantations to name a few. As a qualified Accountant, he is actively involved in conducting audit and financial courses. His experience brings him to faraway countries such as Vietnam, Brunei, Nepal, Uganda and Rwanda to train Accounting and Financial Professionals.

He is also a regular training facilitator for 1. Malaysian Institute of Accountants 2. Certified Public Accountants of Australia 3. Malaysian Institute of Management

 

[07] ENQUIRY & REGISTRATION

Enquiry: SSTcourse@gmail.com

Contact:

- Teo (011 - 3178 9203)

- Logesh (012 - 503 0346)

- Siti (012 - 383 8603)

- Han (019 - 323 0507)