Event Details
This session will discuss the salient points of Revenue Audit Memorandum Order No. 1-2019 or the Transfer Pricing Audit Guidelines and the need to have TP documentation to prepare for the TP audits. These guidelines provide the audit procedures to be applied to specific TP issues that are quite common to groups of companies today.
This event will also tackle the key concepts of transfer pricing in the Philippines. It aims to equip the participants in making better business decisions by bringing insights on the relevant laws, Philippine Bureau of Internal Revenue (BIR) issuances, and recent developments in transfer pricing compliance and audits. This session will take a closer look at the procedure of the submission of the Information Return on Related Party Transactions (new BIR Form No. 1709), transfer pricing documentation, and other supporting documents.