(Tax Update) Understanding Transfer Pricing (TP) : A Basic Guide

Understanding Transfer Pricing (TP) : A Basic Guide

Welcome to our KTP channel!

Today's video dives into the essentials of Transfer Pricing (TP), a crucial concept for businesses operating in multiple countries. We'll answer the most common questions about TP in an easy-to-understand manner.

Whether you're a business owner, a student, or just curious about how international transactions work, this video is for you!

Questions We will Explore on TP :

1. What is Transfer Pricing? - Learn what TP is and why it's important.

2. When are TP Rules Applicable? - Find out the situations where TP rules must be followed.

3. Thresholds for TP Documentation - Discover if there are any minimum requirements for creating TP documents.

4. Essential Elements of TP Documents - Understand what you need to include in a full TP document and a minimum report.

5. Exemptions from Preparing TP Documents - Learn when you might not need to prepare these documents.

6. Submission Requirements - Is it necessary to submit TP documents? We'll tell you.

7. Penalties for Not Furnishing TP Documents - Know the consequences of failing to provide required TP documentation.

8. Effective Date of TP Rules - Find out when these rules started to apply.

9. Challenges of TP Documentation - Discuss the difficulties businesses face with TP documentation.

YouTube Video

Watch our 30-minute YouTube video, "Understanding Transfer Pricing (TP): A Basic Guide," featuring Mr. Koh Teck Peng, the Group Principal, and Miss Lim Nguan Lian, the Client Relations Manager of KTP | THK. https://youtu.be/Cu6sxaBLXkc

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