TaxEdge Series
Register for upcoming Tax Academy of Singapore webinars and seminars covering topics such as transfer pricing, US tariffs, climate change taxation, and family offices.
13 Apr 2025 | 3.00 p.m. to 5.00 p.m. | Zoom
Transfer Pricing and VAT/GST
Join the Tax Academy of Singapore for this webinar, led by Dr Stefanie Geringer (University of Vienna, Masaryk University, BDO Austria), in which she explores the dynamic field of transfer pricing and VAT/GST in Europe and beyond.
The recent decisions by the Court of Justice of the European Union (CJEU) in Weatherford Atlas Gip (C-527/23), Högkullen (C-808/23) and Arcomet Towercranes (C-726/23) have provided valuable insights into the correct treatment of transfer prices and transfer pricing adjustments under EU VAT law. Similarly, they have highlighted the importance of proactive engagement with the possible VAT/GST implications of transfer pricing, and how taxpayers and their advisers may consider them in their tax and business strategies.
Agenda
· Essentials of transfer pricing from a VAT/GST perspective
An overview of the principles and functions of transfer pricing, and the role they take on in VAT/GST
· Arm’s length standard in VAT/GST
Provisions in EU and national VAT/GST laws to counter abusive arrangements between related parties concerning transactions that are not at arm’s length
· Impact of transfer pricing adjustments on VAT/GST treatment
State of opinion in policy documents, expert statements, and the literature
· CJEU case law
Insights into the Court’s reasoning, key findings, and what the Court said about the possible VAT/GST implications of transfer pricing
· Plan Strategically
What to consider in cost allocation arrangements from a VAT/GST point of view, how to manage transfer pricing adjustments, and the importance of optimal documentation
About the Speakers
Admin Details
The webinar will be conducted via Zoom
Date: 13 April 2026
Time: 3.00pm to 5.00pm
Fees: SGD 109 (incl. GST)
Registration is on first-come-first served
23 Jun 2025 | 3.00 p.m. to 6.00 p.m. | Zoom
US Tariffs & Taxes: Preparing Business for Policy Shifts
Join us for this session with our panel of experts from KPMG Singapore - Andy Baik (Partner), Shafiqah Abdul Samat (Principal Advisor), Tracy Chu (Senior Manager), as we explore a comprehensive analysis of US tariffs, covering their recent history, operations, and strategic business planning implications:
Background and What’s happened so far on the US tariffs front
The latest US tariff developments
What can we expect on the US tariffs front
Related tax considerations
The Ins and Outs of how Tariffs Work
Overview of how tariffs work
Relevant considerations
How companies can be prepared and planning options
About the Speakers
Admin Details
This webinar will be conducted via Zoom.
Date: 23 Jun 2025
Time: 3pm to 6pm
Fee: $163.50 (incl. GST) per person
7 May 2025 | 9.30 a.m. to 11.30 a.m. | Zoom
Liberation Day or Armageddon - Impact of U.S. Trade Measures for Businesses Navigating Through Treacherous Waters
This webinar is jointly organised by Taxise Asia LLC (WTS Taxise) and Tax Academy of Singapore.
Register Now! Please access this Link to register. This is a complimentary webinar.
This panel webinar will explore the recent U.S. tariff measures and their implications for businesses in Asia. Join our esteemed panelists from Taxise Asia LLC and Sidley Austin LLP who will dissect the rollout of these U.S. tariff measures and examine various options that companies may consider to minimize the impact of these tariffs on their products. The panel will delve into examples of strategies that companies are adopting to mitigate the effects of the U.S. tariff measures.
About the Speakers
23 Apr 2025 | 2.00 p.m. to 5.00 p.m. | Revenue House
Taxation and Climate Change
Have you ever wondered how (and to what extent) taxation can be used to address the adverse consequences of climate change? This seminar will delve into the intersection of taxation and climate policy, exploring the role of taxation in mitigating climate change. We will examine international climate change agreements and the commitments made by sovereign signatories under those agreements. The seminar will then explore how taxation is currently being used to address climate change in Singapore (and elsewhere) and will consider potential future applications of tax policy to further environmental goals.
Join us in this seminar led by Professor Archie Parnell (Jindal Global Law School, India, and Ms Fang Eu-Lin, Sustainability and Climate Change Practice Leader at PwC Singapore.
Agenda
Introduction
International Climate Agreements
• UN Framework Convention on Climate Change (1992)
• Kyoto Protocol (1997)
• Paris Agreement (2015)
• Signatories’ Nationally Determined Contributions
Overview of Types of Carbon Taxes and Incentives
• Carbon taxes
• Emissions trading systems (a variant of carbon taxes)
• Carbon border adjustments (tariffs and thus a variant of taxes)
• Tax incentives that encourage (or discourage) climate mitigation
Singapore
• Singapore’s Nationally Determined Contributions
• The Singapore Green Plan 2030
• Carbon Tax - the Singapore Carbon Pricing Act 2018
Future Direction
About the Speakers
Admin Details
Venue: Discovery Room at B1, Revenue House, 55 Newton Road S(307987)
Date: 23 Apr 2025
Time: 2pm to 5pm
Fees: SGD 163.50 (incl. 9% GST)
Registration is on first-come-first served.
15 Apr 2025 | 3.00 p.m. to 5.00 p.m. | Zoom
Family Offices in Singapore: Tax Incentives & Strategic Considerations
Join Senior Counsel Edmund Leow (Senior Partner, Dentons Rodyk) for an insightful webinar on Singapore's evolving family office landscape.
Drawing from extensive experience, Edmund will explore recent tax and regulatory changes to the 13O and 13U schemes, sharing practical insights on establishing and operating family offices in Singapore.
Agenda:
Latest developments on tax incentive schemes for family offices
Key considerations in operating a family office in Singapore
Practical insights on the applications for the 13O and 13U tax incentive schemes
Current market trends and challenges for family offices in Singapore
About the Speaker
Admin Details
This webinar will be conducted via Zoom
Date: 15 Apr 2025
Time: 3pm to 5pm
Fees: SGD 109 (incl. 9% GST)
Registration is on first-come-first served.
20 Mar 2025 | 3.00 p.m. to 5.00 p.m. | Zoom
Johor-Singapore SEZ
The Johor-Singapore Special Economic Zone (JS-SEZ) strengthens both regions' competitiveness through enhanced cross-border connectivity, smoother people movement, and a more robust business environment. Join us in this webinar helmed by experts from KPMG who will guide us through the key tax considerations, incentives, and structuring options available in this dynamic cross-border ecosystem
Agenda
Overview of the JS-SEZ
Malaysia tax perspective:
Malaysia tax incentives for the JS-SEZ and brief overview of Malaysia’s tax regime
Individual and employment tax in Malaysia
Singapore and cross-border tax perspective
Overview of “twinning” structures, and examples for various industries
Tax structuring considerations for businesses
Transfer pricing in Singapore and Malaysia
Tax incentives in Singapore for internationalisation
Q&A session
About the Speakers
Admin Details
This webinar will be conducted via Zoom
Date: 20 Mar 2025
Time: 3pm to 5pm
Fees: SGD 109 (incl. 9% GST)
Registration is on first-come-first served.
4 Feb 2025 | 1.30 p.m. to 5.00 p.m.
Navigating Intangible Asset Valuations for Financial Reporting, Tax, and Transfer Pricing purposes
In today’s knowledge-driven economy, intangible assets play a critical role in driving business success. However, valuing these assets can be challenging, especially when navigating the intricate interplay between accounting standards, tax regulations, and transfer pricing requirements.
Join Mr Richard Goh, Group Tax Specialist at IRAS and Ms Chua Ai Leng , Valuation, Modeling & Economics Partner for Strategy and Transactions services at Ernst & Young Solutions LLP as they decode essential interaction and gaps between different IA valuations. They will also discuss how to ensure compliance with relevant rules and minimising the risk of valuation issues.
This seminar is tailored to equip participants with an overview of the key valuation requirements for financial reporting, tax, and transfer pricing purposes.
Agenda
COMMON TYPES OF IA VALUATION FOR REGULATORY PURPOSES IN SINGAPORE
KEY DIFFERENCES IN THE TYPES OF IA AND HOW THEY ARE VALUED
A) Valuation of intangible assets for accounting purposes
i. Accounting standards
ii. Definition of IA
iii. Fair value
iv. PPA process and simple valuation examples for Multiple Period Excess Earnings Method (MPEEM) and Relief of Royalty Method (RfRM)
B) Valuation of intangibles for transfer pricing purposes
i. Transfer pricing guidelines
ii. Definition of intangibles
iii. Arm’s length price
iv. Simple valuation example for Residual Profit Method (RPM)
C) Valuation of intellectual property rights for tax purposes
i. S19B conditions
ii. Definition of IPRs
iii. Open market price
iv. Issues to consider when using MPEEM, RfRM, and RPM for tax purposes
Q & A
About the Speakers
Admin Details
This seminar will be held at Revenue House, Discovery Room@B1
Date: 4 Feb 2025
Time: 1.30pm to 5pm
Fees: SGD163.50 (incl. 9% GST)
Registration is on first-come-first served.
22 Jan 2025 | 2.00 p.m. to 5.00 p.m.
Update on recent U.S. inbound tax developments and tax policy outlook
Join us for an essential US tax update session led by Mr Andy Baik, Tax Partner at KPMG. Don't miss this opportunity to gain valuable insights from a leading expert in US taxation, this session will equip you with the knowledge to navigate the complex US tax environment.
Key topics include:
Recent tax law changes impacting foreign investments in the US
Corporate Alternative Minimum Tax (CAMT)
Clean energy related credits
Inbound-into-US "effectively connected income" issues
BEPS Pillar Two interplay with US tax considerations
Potential tax policy shifts post US Presidential election
About the Speaker
Andy is a principal in KPMG’s US member firm on a long term secondment in Singapore. He currently serves as a tax partner/leader in KPMG Singapore’s BEPS Centre of Excellence (CoE) and also as the lead partner of the US tax desk group based in Singapore/Asia. Andy also co-leads KPMG’s BEPS Pillar 2 Global Think Tank. Andy has advised various private funds, sovereigns/pension funds, asset managers, family offices and MNCs on BEPS Pillar 2 related technical tax, planning and implementation issues.
Andy has an all-around, cross border tax background with a focus on US, Asian and international tax systems. His practice focuses on the asset management sector and works closely with private equity, real estate and sovereign/pension funds on all aspects of their tax matters, including cross border structuring, tax controversy and policy issues. He regularly advises fund and MNC clients on various tax matters relating to their investments into Asia (e.g., treaty planning, financing and exit related structuring) and Singapore/Asia based funds/MNCs on their inbound-into-US investments (real estate, private equity, infrastructure, lending, LP interests, etc.). He currently serves as the global lead tax partner to one of the world’s largest sovereign funds and works closely with another on many of its strategic, global tax matters.
Andy has primarily worked in the international tax area and has worked in Washington DC, New York, San Francisco and various Asian locations during his 25 plus year career. He has spent 13 plus years working in Singapore and Korea -- serving in various roles including as the Asia Pacific region international tax practice leader, tax managing partner of a Big 4 firm in Korea, Asia-Pacific sovereign and pension fund tax leader, global tax leader on several top global sovereign investment funds, US tax desk leader, and Asia Pacific regional tax partner on many large US and European MNC accounts. He has also worked as a senior tax partner at a global top 20 law firm.
Admin Details
This webinar will be conducted via Zoom
Date: 22 Jan 2025
Time: 2pm to 5pm
Fees: SGD 163.50 (incl. 9% GST)
Registration is on first-come-first served.
13 Jan 2025 | 3.00 p.m. to 5.00 p.m.
Legal Documentation for Transfer Pricing of Intangibles
Join Mr Paul Sutton, Founder and Partner at LCN Legal and Mr Richard Goh, Group Tax Specialist, IRAS as they decode the critical elements of legal documentation for transfer pricing of intangibles in IP-related transactions. This webinar will explore best practices for aligning documentation with the arm's length principle, ensuring economic substance, and maintaining consistency with regulatory standards.
Tax, legal, and finance professionals will gain valuable insights to strengthen their transfer pricing strategies and documentation approaches. Don't miss this opportunity to enhance your understanding of this complex and crucial area.
Agenda:
Review of intercompany transactions involving intangibles
Overview of Singapore’s TP guidance on intangibles
Transfer pricing and valuation issues in IP-related
Common gap
Best practices for legal documentation for intercompany transactions
Typical transactions involving intangibles
Intangibles vs IP
Aligning legal and transfer pricing aspects
Case study on designing transaction flows
Q & A
About the Speakers
Paul Sutton is a corporate lawyer with over 30 years' international experience. He specialises in intercompany agreements and legal structures for multinational groups and financial institutions. He is author of “Intercompany Agreements for Transfer Pricing Compliance – A Practical Guide” which is published by Law Brief Publishing. Through his consulting firm LCN, Paul works alongside leading international tax and transfer pricing professionals globally, helping to make sure that the transfer pricing policies of the groups concerned have legal substance and are implemented through appropriate intercompany agreements - which are kept up to date, and tax audit-ready and due diligence-ready.
Richard is a Group Tax Specialist at the Inland Revenue Authority of Singapore. He is a Chartered Valuer and Appraiser and a certified Master Tax Specialist in IP Law, IP Management and IP Commercialisation. He has over 10 years of experience dealing with tax and transfer pricing valuation issues involving acquisitions and transfers of IP and other intangibles across various sectors. He also speaks regularly in seminars and workshops and has written articles on the valuation of intangibles for accounting, tax and transfer pricing purposes.
Admin Details
This webinar will be conducted via Zoom
Date: 13 Jan 2025
Time: 3pm to 5pm
Fees: SGD109 (incl. 9% GST)
Registration is on first-come-first served.