|$1,400.00 (including GST)|
In 2015, the Inland Revenue Authority of Singapore (“IRAS”) introduced the requirement for corporate taxpayers in Singapore to prepare and maintain transfer pricing documentation that is compliant with the Singapore transfer pricing guidelines. Further revisions have been made in both 2016 and 2017. These revisions have further strengthened the transfer pricing regime in Singapore. The requirement to explicitly report the company’s related party transactions in the tax return will also increase transfer pricing scrutiny.
As the burden of proof in supporting the related party transactions lies squarely with the Singapore taxpayer, it is critical that taxpayers prepare adequate transfer pricing documentation to demonstrate that related party transactions are conducted in an arm’s length manner.
There is also a growing trend of tax authorities requesting to engage directly with tax payers and business owners rather than third party consultants during audits. Preparing key parts of the transfer pricing documentation in-house will ensure complete ownership of the process.
This Masterclass Programme is specifically designed to give Finance and Tax Professionals a practical understanding of how to prepare most sections of the transfer pricing documentation in-house. Discover how to optimise intercompany pricing which may reduce tax liabilities and improve profitability for shareholders.
At the end of this programme, you will:
Application of Transfer Pricing Methods
Overview of the Singapore Transfer Pricing Regime
Preparing transfer pricing documentation
1.Company Overview/Industry Analysis
2.Preparing Functional Analysis
Global and Regional Update on Transfer Pricing
Sowmya is a Director at IC Advisors Pte Ltd, a firm that helps companies 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 IP valuation. With the growth in transfer pricing related audits in the Asia Pacific region, 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 more than 16 years of transfer pricing consulting experience.
Prices shown are in SGD and inclusive of 7% GST but do not include handling & shipping (if applicable)
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