In February 2018, the Income Tax (Transfer Pricing Documentation) Rules 2018 (“Rules”) were gazetted and the Inland Revenue Authority of Singapore subsequently issued the revised Transfer Pricing (“TP”) Guidelines detailing changes to the Income Tax Act and explaining the Rules. This marks a distinct shift from the current, practice-based TP regime to a more formal, rule-based regime, where requirements are now codified in tax legislation and rules.
Most notably, failure to prepare the required transfer pricing documentation (“TPD”) constitutes an offence from the basis year for the year of assessment 2019, and the non-compliant taxpayer is liable to a fine or penalty. The transfer pricing regime also introduces a new surcharge on any TP adjustment made.
Join our half-day seminar to gain insights on Singapore’s latest transfer pricing developments and what these changes mean for local taxpayers.
- Updates on Singapore TP Guidelines (5th Edition)
- Introduction of specific TP penalty regime
- Managing Singapore TPD requirements
- Optimising TPD efforts regionally (case study)
- Common areas of dispute with tax authorities
- Best practices when preparing for TP reviews and audits
- Q&A session
16 April 2018 (Monday)
8 Wilkie Road
#03-08 Wilkie Edge
For directions to the seminar venue, please refer to the map here.
Entrance to the carpark – along Wilkie Road
Parking fee (Mon – Fri) – S$1.50 per half hour (until 6pm)
MRT: Little India / Dhoby Ghaut / Bugis / Rochor
Take the lift at Lobby 1 (facing Hanis Café & Bakery) to level 3
|Fee per pax:
|RSM Tax Clients*: 1 x complimentary seat, S$100 for second participant
Public*: S$100 per participant
*Limited to maximum of 2 participants per company/group of companies. First come, first served
|Who should attend:||Chief Financial Officers, Finance Directors, Financial Controllers, Accountants and Tax Personnel who are involved in accounting and tax matters for their businesses|
About the Speaker:
Elis’s transfer pricing experience includes 7 years at Big 4 firms, 5 years as an in-house manager and a stint with the tax policy division at the Ministry of Finance. From 2006 to 2009, she was based in Shanghai, helping China-based multinational clients to manage their transfer pricing risks. For her most recent position, Elis spent more than 3 years as Head of Transfer Pricing, Asia-Pacific, at an MNC.
Her work includes transfer pricing risk assessment, audit defence, tax effective value chain management in relation to the use of regional principals, application and negotiation of tax incentives and working with customs and tax colleagues for overall tax optimisation. She also has experience in negotiating advance pricing arrangements with tax authorities in Singapore, China and Japan.
For enquiries, please call Rashidah Begum at 6594 7314 or email rashidah@RSMSingapore.sg.
Terms & Conditions
- We regret that no refund of the seminar fee will be entertained for cancellation or no-show. A substitute is welcome.
- The organisers reserve the right to change the venue, date and programme due to circumstances beyond our control.
- An e-receipt will be sent to you after payment is made, to the email that you provide during registration. No invoice will be issued.
CPE certificates will be emailed to all attendees who complete the full seminar after the event.
By attending the event, you consent to the use of your photograph, voice, likeness, and image in any broadcasts of this event and in subsequent productions drawn from video or audio recordings of this event. The photographs and recordings may be published or broadcasted in RSM and affiliates’ publications and in publicity materials, including websites and social media. All recordings, articles, quotes, photographs, films, audio or video and/or any reproductions of same in any form, are the property of RSM. RSM, its affiliates, employees, representatives and agents are released from any and all claims, demands, costs and liability that may arise from the use of these interviews, recordings, photographs, videotapes or films, and/or any reproductions of same in any form, as described above, arising out of being interviewed, recorded, photographed, videotaped or filmed. It is the responsibility of event participants to remove themselves from group and candid shots/recordings that the photographers/videographers intend to capture, if they do not wish to have their photos/audio-visual recordings taken at the event.