Tax 101 Series: Transfer Pricing, An Introduction (On Demand)

Description

Any transfer pricing study's overall objective is to determine the "arm 's-length price" between related parties/associated enterprises. For non-compliance (with the arm's-length principle), section 34E provides that where the action is taken under s 34D, a surcharge of 5% of the amount increased or reduced is recoverable from the person as a debt due to the Government. This session focuses on the statutory and regulatory framework for TP's related parties/associated enterprises in Singapore.

IRAS has recently published a ruling related to related parties within the meaning of sections 34D it is a fascinating time to explore the topic. Our Tax 101 series is aimed at tax and non-tax trained junior executives or anyone who has an interest in understanding the Singapore Tax system. This session is a mix of practical experience and academic knowledge.

Programme Outline

• Singapore tax system
• Overview of transfer pricing in Singapore & ALP
• General statutory provisions that cover transfer pricing
• Transfer pricing: An introduction to related parties and its definitions
• Exploratory case study – Case(s) from IRAS Advance ruling
• Q&A

What you will learn

By the end of this session, attendees should obtain a systematic understanding of knowledge of (to evaluate the effects thereon) the transfer pricing in the wide interdisciplinary concept, on determining the definition of related parties / associated enterprises and its related tax concepts. 

Target Audience

An intermediate level program intended for tax accountants, business accountants, auditors.

Expert Speaker

Kevin Matthaios Lee

Kevin, a business finance professional, is also a Subject-Matter Expert (SME) in the tax practise of a mid-tier professional services firm, while simultaneously holding a position as a trainer/facilitator where he shares his insights on the global issue in FRS, political science and economics and international business law. He has been a speaker at various seminars, and network (exclusive) events, inter alia, Wolters Kluwer (CCH), ISCA, CIMA and ACCA.