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Description
Where we are and where do we go from here?
This webinar will provide an overview to the transfer pricing (TP) regime in Singapore, focusing on more recent developments, the impact of the OECD’s work on areas of transfer pricing focus as well as provide a view on trends that we should be accepting in the future. Given the backward-looking focus for transfer pricing audits, it would be well served for taxpayers to be forward-looking in their transfer pricing approaches, to be better prepared for future TP audits.
This introductory webinar is aimed at tax professionals of all levels, and anyone who has an interest in understanding the Singapore transfer pricing regime. This session is a mix of practical experience and academic knowledge.
A follow-up webinar going in-depth on the recent e-tax guide issued on transfer pricing guidelines for headquarters (HQs) in Singapore to abide by, will be coming soon. Register your interest with us.
Programme Outline
Development of the Transfer Pricing Regime in Singapore
- Transfer pricing compliance requirements, as of today
- Nuances of the Singapore transfer pricing regime
Key International Developments and its Impact on Singapore Taxpayers and IRAS
- Latest developments arising from OECD’s BEPS 2.0 project (Pillar 1 and Pillar 2)
- IRAS’ response framework
- Taxpayer’s options
What you will learn
- Keep abreast of Singapore’s ever-changing transfer pricing landscape
- Find out and be prepared for the definite impact of new transfer pricing rules arising from G7 and OECD work
- Gain knowledge on alternative transfer pricing models and approaches
Target Audience
Tax Manager, Tax Director, CFO and anyone who is interested in the Singapore transfer pricing landscape
Expert Speaker
Dr. Sowmya Varadharajan is a Director at IC Advisors Pte Ltd, a firm that helps companies to design and document appropriate transfer pricing strategies and approaches for their related party transactions. Having been trained in the U.S. on international tax and transfer pricing issues through blue-chip corporations, Sowmya now applies her transfer pricing training to transfer pricing issues in the Asia Pacific region. Sowmya has extensive experience in the high technology/ semiconductor as well as pharmaceutical/ biomedical industries.
In addition to transfer pricing, Sowmya is also skilled in Intellectual Property (“IP”) valuation. With the growth in transfer pricing related audits in the Asia Pacific region, Dr. Sowmya has assisted clients in India, China, Malaysia, Indonesia, and Singapore in defending their transfer pricing arrangements with tax authorities.
Sowmya is an economist with Ph.D. in Economics from Cornell University and has more than 17 years of transfer pricing consulting experience.
This is a virtual session on 13 August 2021.