Understanding Transfer Pricing
Date: 6 June 2018 (Wed)
Time: 9:00 am - 5:00 pm
Venue: SBF Center, 160 Robinson Road #06-01 SBF Center Singapore 068914
Fee: SBF Member $450.00  |  Non-SBF Member $550.00

Transfer pricing (TP) refers to the pricing of goods, assets, services and/or funds when they are transferred within an organisation (a corporation or similar entity) either between divisions of a company, or between companies in the same group.

Objectives:

The choice of the transfer price affects the allocation of the total profit among the parts of the company. This is a major concern for fiscal authorities who worry that multinational entities may set transfer prices on cross-border transactions to reduce taxable profits in their jurisdiction. This has led to the rise of TP regulations and enforcement.

It is important for Singapore companies to be effective in mitigating TP risks to ensure they have robust TP and related documentation in place to serve as an appropriate first level of defence against potential challenges by tax authorities, including Inland Revenue Authority of Singapore (IRAS). IRAS's annual updates on TP Guidelines underscore the authorities' efforts to enforce taxpayers' compliance, for instance:

• IRAS's 2nd edition of TP guidelines in 2015 represent IRAS's clear recognition of the increasing complexity in TP arrangements, and the need for timely and more transparent reporting of TP
• The 3rd edition in 2016 provides enhanced guidance on the Mutual Agreement Procedure, Advance Pricing Arrangement process as well as the application of the cost plus method
• The most current 4th edition serves to align with international tax developments and accepted practices, including those emanating from the Organisation for Economic Cooperation and Development (OECD)'s BEPs.

Programme Outline:

• Definition of the arm's length principle
• Introduction to OECD guidelines on transfer pricing
• An overview of various transfer pricing methods, their application and case studies
• An overview of Singapore's TP regime, including a detailed discussion on the guidelines (from 2015 to present)
• TP documentations as a first point of defense
• TP updates in selected Asian countries and how they impact Singapore companies in these markets

Target Audience:

This one-day workshop is suitable for personnel handling tax matters, compliance and finance in management or senior positions, as well as senior management involved in overseas markets’ operations.

*Programme is accurate at the time of print

Administrative Details:

Please email to [email protected] to reserve a seat, this will be followed by a confirmation email. 
Upon confirmation, please prepare a cheque to SBF (refer to address on above letterhead). 
Cheque should be made payable to “Singapore Business Federation”. Please indicate the Ref No. and company’s name, participant’s name at the back of the cheque.

• Registration is on a first-come-first-served basis. No cancellation will be allowed upon registration, but attendance by a replacement delegate from your company is allowed. We regret that no refund and full fees will be charged for cancellation or non-attendance.

• Confirmation of your registration will be emailed to your company upon receipt of full payment.

NOTE:  As a precautionary measure, our advice is for members who are unwell not to attend the session.

For more information, please contact:
Email: [email protected] (ATTN: Ms. Josephine Ong)
Call: 6701 1135
*Information is correct at the time of print

DISCLAIMER
All information, materials and related graphics contained herein and/or provided in the course of the training session(s) (hereinafter referred to as “Information and Materials”) are intended for informational and/or educational purposes only. The Singapore Business Federation does not claim ownership of any of the Information and Materials provided by the external training vendor(s). The information and Materials may from time to time include technical inaccuracies or typographical errors, and changes may be added periodically as may be necessary. Please note that photography, audio and video recording may occur during these event. All photography, audio and video recording may be used by Singapore Business Federation for education, marketing, promotional and/or publication purposes. If you do not wish to have your image recorded or published, for  compelling and legitimate grounds relating to your particular situation, please inform our staff.