Free

Crowe Horwath Singapore Transfer Pricing Seminar 2018

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Location

NTUC Centre

Level 9, Room 903

1 Marina Boulevard

018989

Singapore

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Event description

Description

The Inland Revenue Authority of Singapore (“IRAS”) released the 5th revision of the Singapore Transfer Pricing Guidelines on 23rd February 2018. These revised guidelines provide the Singapore tax community with further understanding of the implementation of the amended transfer pricing legislation, which came about as a result of the Income Tax (Amendment) Act 2017 and the Income Tax (Transfer Pricing Documentation) Rules.

The key changes introduced are:

  • Clarification of the substance over form approach that allows the IRAS to re-characterise transactions
  • Mandatory requirement to prepare contemporaneous transfer pricing documentation (TPD) from YA 2019 for Singapore taxpayers with annual revenue of more than S$ 10 million
  • Penalties for not preparing contemporaneous TPD
  • A 5% surcharge on TP adjustments regardless of whether tax is payable on the adjustments

Attend our Transfer Pricing Update seminar to find out how the above changes will impact your business. The seminar will provide you an in-depth understanding of the recent transfer pricing developments to help you effectively manage your compliance obligations going forward.

Who should attend
Company Directors, Chief Finance Officers, Finance Managers, Tax Directors, Tax Managers and Accountants who are interested to learn about how some of these changes will impact their business in 2018 and beyond.

Agenda

1.30 to 2.00pm
Registration

2.00 to 3.30pm
Understanding Section 34D and Section 34E of the Singapore Income Tax Act

3.30 to 4.00pm
Tea-break

4.00 to 5.00pm
The Evolving Transfer Pricing Documentation Regime

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Date and Time

Location

NTUC Centre

Level 9, Room 903

1 Marina Boulevard

018989

Singapore

View Map

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