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