This is a one-day workshop covering two distinct tax topics: Transfer Pricing (TP) Compliance Rules in the morning (AM) and BEPS 2.0 in the afternoon (PM).
This topical and timely workshop will provide the latest update on TP rule changes regionally. With the use of practical case studies, the impact of relevant TP rule changes on compliance requirements will be addressed. In addition, managing potential TP risks and TP changes on some common operating models will be reviewed.
Also, the latest update on BEPS 2.0 will be covered, since most practitioners consider BEPS 2.0 Pillars One and Two to be complex – especially to remain abreast of:
- The BEPS 2.0 Pillars rule development and country implementation (noting effective dates in key jurisdictions);
- The expected impacts for taxpayers; and
- Importantly, what taxpayers need to do now to be properly prepare for the execution of the BEPS 2.0 rules in their jurisdictions.
A Highlight of Key Areas:
With reference to certain Asia country implementation and using practical examples, the event will cover the following:
AM Session: 9am-12.30pm
- An Overview of TP rule Changes and Impacts:
- A high-level overview of TP rules, with a focus on recent TP changes and identification of common themes;
- A review of the impacts of recent TP updates on compliance through practical examples; and
- A review of compliance, audit and penalty updates.
- An Overview of Recent OECD TP Changes and Country Responses
Q&A
PM Session: 1.30pm-5pm
- Pillar One Overview:
- High-level overview of the current rules and status - Pillar Two Overview and Implementation (primary focus):
- Underlying Pillar Two structure;
- GloBE model rules and rule ordering – featuring calculations at each step to determine jurisdictional ETR and Top-up Tax*;
- Asia country implementation and expected impacts (practical implementation and challenges); and
- How best to prepare now - Expected Next Steps
* The event will aim to feature a number of jurisdictions in the practical examples, but may be limited by the extent of GloBE rule implementation by jurisdictions at the scheduled date of this course.
Q&A