Busting Services Transactions Myths 11 July 2018, Wednesday 9am – 12pm

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What can companies do to manage their Transfer Pricing Risks in time of crisis?

In light of the recent outbreak of Covid-19, which is now known as a global pandemic threat, has jeopardized businesses significantly across the globe. Businesses of various industries are expected to lose billions of revenues.   


Digital Economy and Transfer Pricing

In a digitalised era, businesses can develop an active and sustained engagement in a market jurisdiction, beyond the mere conclusion of sales, without necessarily investing in local infrastructure and operations. Hence, the allocation of taxing rights can no longer be exclusively circumscribed by reference to physical presence.


Singapore Compulsory Transfer Pricing Documentation and Non-Compliance Penalties

Singapore introduced compulsory transfer pricing documentation effective from the year of assessment (YA) 2019. A new penalty regime was also included for non-compliance with the TP documentation requirements.