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A subsidiary borrows from a third party at 1% to 2% and on-lends to its head office at a significantly higher interest rate. This arrangement resulted in its head office claiming a large interest deduction and the subsidiary earning a profit of over $1 billion which was not taxed in any country. Sounds familiar? This was the much talked about Chevron case in Australia which the courts ruled in favour of the Australian Taxation office and resulted in approximately AU$340 million of disallowed deductions.
In this session, Ms Adriana Calderon, Director at Transfer Pricing Solutions Asia, aims to highlight the TP complexities and risks surrounding the intricate nature of intercompany loans and guarantee fees. The session offers participants the opportunity to go beyond fundamentals and grasp what it takes to structure these financial transactions to comply with the Arm’s Length Principle. Adriana will also dive into some of the nuances often missed, but that companies must take note of.
Be aware of the key considerations in establishing intercompany loans and guarantee fees that will hold fort amid scrutiny by tax authorities
Join this workshop organised in collaboration with Singapore Institute of Accredited Tax Professionals (SIATP). The session will focus on practical ‘hands-on’ case studies and practical insights on how to do it right.
Register now for this unique workshop. Registration is open until 25 May 2019; special discount applies to members of SiATP, ISCA, SICC SMF and TPS clients. Please open the following link for more information about the event:https://siatp.org.sg/images/PDF/RegForm_310519_IntercoLoans.pdf
For further enquiries about the event, please visit https://www.siatp.org.sg/events.html
Or contact Elaine Sow at 6597 5718 or email to firstname.lastname@example.org
Managing intragroup finance in Asia can come with several challenges from macroeconomic issues to tax and transfer pricing.
Multinational enterprises (MNEs) must not only navigate global transfer pricing regulations but also be aware of the economic climate to maintain tax efficiency and adhere to the arm's length standard.
Global minimum tax is a tax policy proposal that would require large multinational corporations to pay a minimum tax rate on their profits, regardless of where they are located.