Transfer Pricing Masterclass
The rise of globalization, e-commerce, and technology are causing the structure of business transactions to evolve. This, in turn, presents tax challenges for both businesses and governments. There are two dynamics that need to be reconciled: first, that businesses will always look for ways to efficiently conduct their businesses and bring in more profits net of tax; and second, that tax authorities will exert effort to regulate these business activities and ensure that taxes are collected.
To be part of the solutions, the BDB Law conducted a TRANSFER PRICING MASTERCLASS to its clients (TPM) to provide a practical and working knowledge on managing transfer pricing risks, the best practices on transfer pricing function, and the overall strategic management of risks.
The Transfer Pricing Masterclass was conducted by international transfer pricing and digital tax experts from WTS Taxise Singapore, Mr. Sam Sim and James Yeo. It was organized in response to the BIR’s imminent requirements for compliance with RAMO No. 1-2019, and also as an early preparation for a stricter scrutiny on related-party transactions by the BIR under the proposed CITIRA (Package 2) of the tax reform, which may be passed early this year. (January 22, 2020, Rizal Ballroom C, Makati Shangri-La)