Recent legislative changes around the introduction of Transfer Pricing Documentation Rules 2018 and revised transfer pricing guidelines by the Inland Revenue Authority of Singapore (IRAS) reflect an increased focus on transfer pricing.
Gain insights into the latest transfer pricing developments in Singapore, as well as internationally in relation to the Base Erosion and Profit Shifting (BEPS) project by the Organisation for Economic Co-operation and Development (OECD).
Overview
Recent legislative changes around the introduction of Transfer Pricing Documentation Rules 2018 and revised transfer pricing guidelines by the Inland Revenue Authority of Singapore (IRAS) reflect an increased focus on transfer pricing.
This workshop will provide you greater insights into the latest transfer pricing developments to enable you to comply to the new guidelines. You will also gain an understanding of the recent international developments on transfer pricing-related Action Plans under the Base Erosion and Profit Shifting (BEPS) project by the Organisation for Economic Co-operation and Development (OECD).
Key Topics Covered:
- Meaning of “arm’s length” basis under the Income Tax Act
- Acceptable transfer pricing methods that comply with the arm’s length principle
- Transfer pricing documentation requirement for Singapore tax purposes
- Advanced Pricing Arrangements (APA) and Mutual Agreement Procedures (MAP)
- Latest development on the OECD Action Plan on BEPS
This workshop is part of the Taxation Suite and is eligible for a 10% off workshop fees for sign-ups of 2 or more workshops in the suite.
Enter code TAX10 at checkout.
Trainer Profile:
Jack HM Wong FCPA (Aust.)
With more than 20 years of international tax experience working with both corporate and individuals on various transactions, Jack has assisted over 900 multinationals and high net-worth individuals in a wide range of business and tax issues. From assisting clients in securing favourable tax incentives from various government agencies to resolving tax disputes with the Inland Revenue Authority of Singapore, Jack is best known for his constant focus on clients, coaching and ongoing guidance to achieve optimum results for his clients. A regular speaker at various tax conferences and workshops, Jack is the author of the recently published “Essentials of Expatriate Tax”.
Jack holds an MBA from Nanyang Technological University and an LLM from National University of Singapore, along with the Bachelor of Laws and Bachelor of Commerce from Murdoch University.
Objectives
- Understand the requirement of complying with arm’s length principle on all your related party transactions
- Review of the various accepted transfer pricing methods for the purpose of complying with arm’s length principle
- Examine the latest transfer pricing documentation requirements for Singapore tax purposes.
- Understand the concepts of Advanced Pricing Arrangements (APA) and Mutual Agreement Procedures (MAP) in transfer pricing
- Review the latest developments on the OECD Action Plan on BEPS in relation to transfer pricing
Audience
This workshop is suitable for:
- CFOs / Financial Controllers
- Senior Tax Managers
- Accountants/ Auditors
- Finance Professionals who are advising or are in charge of formulating transfer pricing strategy or have as part of their roles the responsibility of implementing and/or managing transfer pricing risks
Classroom Half Day
75666488