COVID-19’s impact on Transfer Pricing (On Demand)

Description

This webinar was recorded on 23 April 2020

COVID-19 is not only likely to impact your health, its effects are more far-reaching with disruptions to the supply chain, manufacturing output resulting in an overall decline in the economy.  The Gross Domestic Product (“GDP”) for Singapore has been revised downward to between -4% to -1%.  The negative impact on the economy is also going to have a knock-on effect on the profitability of any company. 

How are these factors likely to impact the transfer prices that have been established by a company?  And how should one be prepared for a transfer pricing scrutiny in the years that follow? 

These are the key questions that will be addressed by this webinar. 

Programme Outline

  • Where is COVID-19 likely to impact your transfer prices?
  • Can you change your transfer prices in line with changing market conditions?  Is this consistent with your functional risk profile?
  • What type of ongoing, practical documentation should be maintained?  

What you will learn

  • Understand the impact of COVID-19 on your Transfer Pricing processes
  • Understand the type of documentation required during this crisis

Target Audience

  • Tax Professionals, Finance Professionals, Accountants and Auditors
  • Business Managers and Directors

Expert Speaker

Dr Sowmya Varadharajan is a Director at IC Advisors Pte Ltd, a firm that helps companies design and document appropriate transfer pricing strategies and approaches for their related party transactions. Having been trained in the U.S. on international tax and transfer pricing issues through blue-chip corporations, Sowmya now applies her transfer pricing training to transfer pricing issues in the Asia Pacific region. 

Sowmya has extensive experience in the high technology/semiconductor as well as pharmaceutical/biomedical industries. In addition to transfer pricing, she is also skilled in IP valuation.  With the growth in transfer pricing related audits in the Asia Pacific region, Sowmya has assisted clients in India, China, Malaysia, Indonesia and Singapore in defending their transfer pricing arrangements with tax authorities.

Sowmya is an economist with Ph.D. in Economics from Cornell University and has more than 17 years of transfer pricing consulting experience.

  • Elearning
    • PD hours: 1.5
    Complete online at your own pace (Self-paced)
    • $160.50 incl. GST (7%)

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