Upcoming Seminars and Conferences

Upcoming Seminars and Conferences
UPCOMING EVENTS

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July 2020

TaxEdge Webinar Series – Transfer Pricing for Financial Transactions

29 July

The OECD’s Guidance on Financial Transactions was finally released in February 2020 to the much awaited relief of taxpayers, given the current economic situation that has come about due to COVID-19. While the guidance provides specific considerations for intercompany lending, it also expands on the role and analysis of the treasury functions by looking at transactions involving hedging, cash pooling and financial guarantees. Furthermore, it also provides detailed guidance on how arm’s length pricing for captive insurance and re-insurance should be undertaken.

This is a significant step by the OECD towards providing an all-inclusive guidance on financial transactions, and clearly signifies that the OECD expects to see marked progress by multinationals in updating their existing transfer pricing policies on financial transactions to comply with the updated Transfer Pricing Guidelines. Such guidance is also likely to provide the necessary framework for tax authorities to review their related party financial transactions.

The webinar will be presented by Dr. Sowmya Varadharajan (Director, IC Advisors Pte. Ltd.), where she will share her views and insights on financial transactions’ transfer pricing considerations for multinationals, in light of the COVID-19 pandemic and beyond.

Who Should Attend: Business Leaders / Owners, Finance, Accounting, Legal Professionals, Tax Practitioners

Admin details

  • The webinar will be conducted via Zoom
  • Date: 29 Jul 20 (Wed)
  • Time: 3.00 p.m. to 5.00 p.m.
  • Fees: $53.50 (incl. GST)
  • Closing date for registration: 23 Jul
  • Registration Form

About the Speaker

Dr. Sowmya Varadharajan 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, she 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 a Ph.D. in Economics from Cornell University and has more than 17 years of transfer pricing consulting experience.

For any clarifications, please submit your queries via Clarifications on webinar, and we will attend to them as soon as possible.

Permanent Establishment post BEPS in a digitalized world for Singapore and Singapore companies operating in the region

24 July

At the end of January 2020, the OECD Inclusive Framework (IF) on BEPS released a statement on its ongoing work to address the tax challenges arising from the digitalization of the economy. In this statement, the BEPS IF reaffirmed their commitment to reaching a multilateral solution by the end of 2020. In particular, the Pillar 1 proposal is intended to ensure a right to taxation in the market jurisdictions in relation to digital businesses and other consumer facing businesses that generate revenue through an active and sustained engagement in the market. There remains significant political challenges in achieving consensus at the OECD level, but if agreed, Pillar 1 would represent the most significant change to the international tax framework in over 100 years.

This webinar will be presented by speakers from Deloitte & Touche LLP, Mr Rohan Solapurkar (Partner, Tax, Deloitte & Touche LLP) and Ms Krisma Bhalla (Director, International Tax), where they will discuss the potential impact of the proposal on Singapore businesses, discussion topics include:

  • an overview of the background and status of discussions at the OECD level for a digital PE (i.e. the Pillar 1 proposal);
  • the outline of the Pillar 1 proposal and the key on-going work; and
  • key practical considerations for Singapore businesses with regard to the potential impact of the Pillar 1 proposal.

Who Should Attend: Business Leaders / Owners, Finance, Accounting, Legal Professionals, Tax Practitioners

Admin details

  • The webinar will be conducted via Zoom
  • Date: 24 Jul 20 (Fri)
  • Time: 3.00 p.m. to 5.00 p.m.
  • Fees: $53.50 (incl. GST)
  • Closing date for registration: 16 Jul
  • Registration Form

About the Speakers

Mr Rohan Solapurkar has more than 25 years of experience in International Tax and is the tax leader of the Consumer Products and Retail Industry across South East Asia. He has been advising large multinational companies, most of which are Regional Headquarters based in Singapore, on their tax strategies including tax minimisation strategies, cash repatriation strategies, entry strategies, etc. in Singapore and the region. Rohan also advises several large multinational companies on India entry strategies. His clients include a diverse range of companies in different sectors such as Consumer Products and Retail, IT, Hospitality, Real Estate, Commodity Trading companies, Infrastructure and Media. He also acts as the “India Desk” for Deloitte Singapore. Rohan is also part of the Asia Pacific International Centre of Excellence team. He is a regular speaker at seminars and speaks at the Singapore Institute of Accredited Tax Professionals and Singapore Tax Academy. He was Chairman of the Institute of Chartered Accountants of India- Singapore Chapter.

Ms Krisma Bhalla is an International Tax Director in Singapore and has been with Deloitte for over 14 years, including having spent over 10 years with Deloitte UK. Krisma has been focused on the delivery of a wide range of complex cross-border projects for Multinational companies, including complex tax advisory, tax due diligence & structuring, post-acquisition structuring, corporate reorganisations, corporate simplifications and tax audits and compliance. She has also been focused on advising clients in the region on changes in the International Tax Environment arising from the OECD’s Base Erosion and Profit Shifting (“BEPS”) project, including the impact of changes through the Multilateral Instrument. Krisma graduated with an Economics degree from University College London (UCL) and is a member of the Institute of Chartered Accountants in England and Wales (ICAEW) and The Chartered Institute of Taxation (CIOT).

For any clarifications, please submit your queries via Clarifications on webinar, and we will attend to them as soon as possible.

TaxEdge Webinar Series – China Tax Update

23 July

The global economic slowdown, China-US trade tensions and other factors have exerted pressure on China’s economic growth in 2019. To boost the economic development and maintain stable growth, China had relied on high-standard opening up, propelled innovation in 2019. In the tax front, China had reduced taxes and fees on a large scale. Tax reforms, covering the steadily advancing IIT reform, the deepening VAT reform and the accelerating all-round tax legislation and the supportive fiscal and tax policies in special economic development areas covering the Greater Bay Area were the driving force in the 2019 tax policy.

At the beginning of 2020, the COVID-19 has swept across the country. In order to deal with the epidemic and support the economy, fiscal and tax authorities issued support policies to fight against the epidemic within a short period of time. Facing the world, China is on the tiptoe of expectation that how it will participate in setting up the landscape of global tax governance against the backdrop of BEPS 2.0 to give play to its wisdom amongst new challenges. It has extended VAT incentives for the prevention of COVID-19 outbreak.

This webinar will be presented by Mr Anthony Tam (Tax Partner, Mazars Hong Kong), where he will cover the Mainland China’s individual income tax reform which started its first year in 2019, the tax incentives provided in the Greater Bay area and the VAT update.

Who Should Attend: Business Leaders / Owners, Finance, Accounting, Legal Professionals, Tax Practitioners

Admin details

  • The webinar will be conducted via Zoom
  • Date: 23 Jul 20 (Thu)
  • Time: 3.00 p.m. to 4.30 p.m.
  • Fees: $53.50 (incl. GST)
  • Closing date for registration: 15 Jul
  • Registration Form

About the Speaker

Mr Anthony Tam is the Tax Partner of Mazars Hong Kong. He has more than 30 years of professional experience in international taxation with proven track record in international taxation as well as Hong Kong and China tax, with a specialization in IPO, M&A and transfer pricing. He also leads the field audit / tax investigation team in Hong Kong and China offices of Mazars. He currently is the leader of Mazars Asia transfer pricing practice. He had supervised an Unilateral Advanced Pricing Agreement (“APA”) in Australia.

For any clarifications, please submit your queries via Clarifications on webinar, and we will attend to them as soon as possible.

Budget Clinic Webinar Series – Jobs Support Scheme (JSS)

17 July

Tax Academy is pleased to present this webinar which aims to enhance employers’ understanding of the Jobs Support Scheme (JSS). In this session IRAS’ speakers will provide you with an overview of the scheme and its recent enhancements. Coverage will include important points to note regarding the disbursement of the payout, such as how the payout is computed, and unacceptable practices or scenarios which constitute abuse of the scheme. A Q&A session will also be available at the end of the session.

Who Should Attend: Tax practitioners, Business Owners, Finance or Accounting and Legal professionals

Administrative Details

  • The webinar will be conducted via Zoom
  • Date: 17 Jul 20 (Fri)
  • Time: 3.00 p.m. to 4.30 p.m.
  • Fees: $32.10 (incl. GST)
  • Registration Form
  • Closing date for registration: 29 June

For any clarifications, please submit your queries via Clarifications on webinar, and we will attend to them as soon as possible.

Please read Terms and Conditions for seminars.

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