The price you charged to your related party is called the “transfer price”. But did you know that there are various tax implications if you over or under-charged your prices? Did you know the actions that are being performed by the Bureau of Internal Revenue to audit those prices? If you want to learn those things, in this video, we will discuss the overview of Transfer Pricing, the rationale of the BIR TP Rules, and determine who are the taxpayers required to prepare a BIR Form 1709 and transfer pricing documentation.
