With the global spotlight on transfer pricing (TP) and tax authorities knocking at various aspects of TP across the world, the Singapore Institute of Accredited Tax Professionals (SIATP) specially drummed up the beats of knowledge in a series of TP sessions. First, tax professionals warmed up with TP fundamentals (Benchmarking and TP Methods), before picking up the momentum with Services Transactions. At the helm of these seminars was Adriana Calderon, Director at Transfer Pricing Solutions Asia, who imparted her extensive international experience in TP to all present.
Breakthrough in TP benchmarking was achieved with the use of databases and case studies, which allowed participants to grasp the know-how on performing benchmarking analyses. Tax professionals were also attuned to the sense and sensibilities in TP methods, as they learnt about the various TP methods and their application.