Staying ahead of the curve in transfer pricing is crucial for multinational companies operating in Singapore. With constant regulatory changes and evolving best practices, it is vital to ensure your transfer pricing policies and documentation are compliant and robust.
This dynamic workshop equips you with the latest knowledge and practical insights on transfer pricing in Singapore. Through expert-led sessions, you will gain insights on the recent updates and trends on transfer pricing and international developments like BEPS 2.0, as well as enforcement trends with case study discussions.
A Highlight of Key Areas:
Refreshing the Essentials
- Overview of the arm’s length principle and transfer pricing methods
- Recap of the Singapore transfer pricing requirements
Strengthening Your Transfer Pricing Documentation
- Key areas of focus in preparing or reviewing a transfer pricing report
- IRAS’ expectations for transfer pricing documentation (“TPD”) under Section 34F
- IRAS’ feedback on TPD submissions and best practices
- Practical tips for ensuring your documentation is comprehensive and well-supported
Navigating Enforcement
- Overview of IRAS’ transfer pricing enforcement practices and recent trends
- Examining IRAS’ areas of scrutiny through a case study
- Strategies for managing and minimizing transfer pricing risks in Singapore
- Q&A session on navigating IRAS’ inquiries and audits
Optimising Your Transfer Pricing Policy
- Addressing challenges related to intra-group services, intangibles, and supply chain restructuring
- Practical considerations for managing group transfer pricing policies across different jurisdictions
- Q&A session on effecting transfer pricing policy implementation
Global Developments and BEPS 2.0
- Update on key international transfer pricing developments
- Update on the developments on Pillar One (GloBE Rules) and Pillar Two (Minimum Tax)