IKPI Seminar on Transfer Pricing Aspects for the Palm Oil Industry (Palm Oil Plantations and Mills)

Event overview

The Indonesian Tax Consultant Association (IKPI) held TP Industrial Series 4: Transfer Pricing Aspects for the Palm Oil Industry on Saturday, October 14, 2023. This seminar focused on the application of transfer pricing in the palm oil industry, especially in the plantation and palm oil mill sectors, with speakers T. Qivi Hady Daholi, SE., MSc and moderator Angela R Kusumaningtyas.

This hybrid seminar discussed key topics such as:

  • Legal basis for transfer pricing, including PP 55/2022 and the OECD Transfer Pricing Guideline 2022.
  • Analysis of the Indonesian palm oil industry, business processes, functions, assets, and risks.
  • Determination of fair prices for palm oil products such as Fresh Fruit Bunches (FFB), Crude Palm Oil (CPO), and Palm Kernel (PK).
  • Case studies of affiliate sales and cash pooling in the palm oil industry.

Participants received practical guidance in implementing transfer pricing according to regulations, as well as the right documentation strategies to avoid tax disputes. This seminar provides an opportunity for tax professionals to strengthen their understanding and skills, particularly in dealing with taxation aspects in the palm oil industry.

Details

  • Event Name: IKPI Seminar Explores the Concept and Current Status of Pillar One Project
  • Hosted: IKPI
  • Location: Jakarta, Indonesia
  • Time: 14 Oct 2023
  • Download Excel

Challenges

The palm oil industry operates in various complex international markets, making it challenging to implement transfer pricing strategies that comply with both domestic and international regulations. Many businesses struggle with applying the right guidelines, particularly the latest updates such as PP 55 and OECD Transfer Pricing Guidelines 2022.

  • Complexity in Transfer Pricing Implementation
  • Accurate Pricing for Related Party Transactions
  • Documenting Compliance with PMK-213

Solutions

This seminar provides an in-depth review of the latest domestic and international transfer pricing guidelines, offering businesses a clearer understanding of how to navigate these complexities. With detailed case studies and practical examples, participants will gain insights into how to properly implement transfer pricing strategies.

  • Comprehensive Review of Regulatory Guidelines
  • Case Studies and Risk Assessment Tools
  • Guidance on Documentation and Compliance