Achieving tax excellence is not just about practical insights to manage the complexities, it is also very much about having a strong grasp of fundamentals to ensure a strong foundation. It always helps to have a refresher on these fundamentals to solidify the foundations and be set for greater heights of achievements.
This was exactly what the Singapore Institute of Accredited Tax Professionals (SIATP) set out to do in the recent months as its technical sessions covered both the essentials and various tax complexities coupled with discussions on emerging tax issues the digitalised age brings.
Adriana Calderon, Director, Transfer Pricing Solutions Asia, shared her extensive expertise and insights on a key area of transfer pricing (TP) – TP methods. Tax professionals had the opportunity, through various case studies, to jolt their memories on the five methods and pick up tips on applying the method that best suits the related party transaction.