Global profits are increasingly taxed based on where the value is created. What matters is where the value is actually created, not what the contracts say on paper. Your functional analysis is key, as it provides good evidential support for this.
The Singapore Institute of Accredited Tax Professionals (SiATP) together with Ms. Adriana Calderon, Director of Transfer Pricing Solutions Asia have designed a half-day workshop to give you practical insights on how to prepare a functional analysis, including tips on how to minimise your transfer pricing risks with your functional analysis.
Register now for this unique workshop. Registration is open until 31 May 2017; special discount applies to members of SiATP, ISCA, SICC SMF and TPS clients.
Please open the following link for more information about the event:
Read the latest update by our Asia Director, Adriana Calderon. Adriana has extensive international experience with #BigFour and mid-tier firms advising #multinational companies in the areas of corporate and #international taxation across South America, the US, Australia and the Asia Pacific Region.
Singapore is often a preferred location for setting up headquarters as the door to conduct business in Asia. The IRAS has released its views on how Singapore HQ's should plan and implement their transfer pricing framework. Want to know more? Read our article with our views on IRAS TP Guidelines for Singapore HQs.
The Malaysian Finance Bill 2020 incorporates transfer pricing-related changes to the current Income Tax Act, 1967 (“ITA”). The changes permit significantly greater authority to the Malaysia Inland Revenue Board (“MIRB”) and re-emphasises the importance of transfer pricing compliance, with effect from 1 January 2021.