Webinar

Webinar

KPMG Tax webinar

KPMG Tax webinar

Impact of Ind AS on Transfer Pricing

Day and Date : Tuesday, 01 August 2017
Time: 04:30 p.m. to 05.30 p.m. IST

The adoption of the new Indian Accounting Standards (Ind AS), while being an accounting change, impacts several areas beyond financial reporting, one of which is Transfer Pricing. The change in the fundamental accounting principles applicable to companies is likely to pose various challenges from a transfer pricing perspective. This is because a company transitioning from the existing Indian Generally Accepted Accounting Principles (AS) to Ind AS (converged with IFRS) would experience changes in various performance measures impacting the comparable profits for determination of arm’s length price.

Some of the issues that will be covered in the webinar include:

  • Impact on positions adopted under transfer pricing for companies transitioning to Ind AS, especially considering the need to recognise various transactions in the financial statement at fair value vis-à-vis transaction value;
  • Impact of Ind AS on transfer pricing, considering the need to report transactions based on economic substance;
  • Need for adjustments while conducting benchmarking analysis;
  • Evaluation of Associated Enterprise relationship for the purpose of Transfer pricing considering the realm of ‘control’ under Ind AS;
  • Impact on re-characterisation of financial instruments, such as treatment of redeemable preference shares as debt under Ind AS;
  • Impact on Advance Pricing Agreement (APA) as a result of transitioning to Ind AS.

Our speakers for this part of the webinar shall be:

  1. Sai Venkateshwaran  – Partner and Head, Accounting Advisory Services, KPMG in India
  2. Hasnain Shroff  – Transfer Pricing Expert

We look forward to your participation. 

 

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