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Key Tax and Legal Updates for Pharma and Medical Services Industries: The General Data Protection Regulation’s (GDPR) Impact on the Pharma and Medical Services Industries and Tranfer Pricing Updates

When:
6 December 2017 @ 09:00 – 13:00 Europe/Bucharest Timezone
2017-12-06T09:00:00+02:00
2017-12-06T13:00:00+02:00
Where:
KPMG in Romania
Șoseaua București-Ploiești 191
București
Romania
Contact:
Ana Maria David
40751222725
Key Tax and Legal Updates for Pharma and Medical Services Industries: The General Data Protection Regulation’s (GDPR) Impact on the Pharma and Medical Services Industries and Tranfer Pricing Updates @ KPMG in Romania | București | Municipiul București | Romania

Summary

Towards the begining of a new year, KPMG Tax and KPMG Legal wish to keep our Pharma and Medical Services clients up to date with highly important regulatory issues relevant to their industries.

The Pharma and Medical Services Industries will be strongly impacted by the GDPR, which imposes enhanced obligations from organizations processing personal data and sensitive personal data as well new rights to data subjects. Companies in these industries who are processing sensitive personal data must review their processes and take measure to ensure compliance with GDPR requirements. With the GDPR entering into force in May 25th 2018, KPMG Legal will provide a practical discussion which will help Pharma and Medical Services clients to assess their readiness for GDPR.

The Transfer Pricing Update will provide clients with an analysis of the value chain analysis under the new OECD approach underlined by the BEPS Actions. Attribution of additional profits becomes an analysis beyond transfer pricing, thus enabling permanent establishment rules.

Services, while looking straightforward from a business point of view, face the need to be supported in more detail by financial calculations and projections, irrespective of whether it’s a marketing service, an IT service or other service. The operating professionals (IT specialists and others) should be aware of the requirements that the financial team in the company is facing in relation to those operations.

Teodora Alecu, Director, KPMG in Romania, Tax, Transfer Pricing Services

Ioana Urse, Consultant, KPMG in Romania, Tax, Transfer Pricing Services

Alexandru Moise, Managing Associate, TMO Attorneys at Law – KPMG Legal

Whom does this event address?

This event is relevant to personnel from Tax, Legal, IT, and compliance.

Agenda:

09:00 – 09:15      Registration and Coffee

09:15 – 09:30      Greetings

09:30 – 10:15      General Overview of the GDPR

  • What is personal data and sensitive personal data?
  • What are the legal basis for processing personal data?
  • Enhanced rights of data subjects and new rights
  • Management of Employee data

GDPR for Pharma Companies

  • Key implications of GDPR for the Pharma industry
  • Management of Patient Data – Key principles and best practices

GDPR Compliance Made Simple:

  • Key measure to take to ensure data privacy in the Pharma industry;
  • Data Privacy notices and Data Privacy internal procedures.

10:15 – 10:30      Coffee Break

10:30 – 11:15      Transfer Pricing Update

  • Supply Chain Analysis
  • Services in the loop of the Romanian tax authorities
  • Transfer Pricing for Pharma-key aspects: from contemporaneous documentation to Advance Pricing Arrangements

11:15 – 12:00      Brunch

A coffee break and lunch are included

The organization of the course depends on the minimal number of participants.

KPMG reserves to right to decline participation from registrants according to relevance.

Registration
Until December 5th, 2017, depending on available places, and subject to confirmation by telephone or email to:

Ana Maria David

T +40751222725

Fax. +40 (372) 377 700

E-mail: anadavid@kpmg.com