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CRS and BEPS Singapore – Update on Practical Challenges, Issues, Interpretations & Applications
Tuesday 16 May 2017, 12:00 - 14:00

About this Seminar

In recent years, there has been an increased focus on the topic of tax morality and transparency in the global tax arena following extensive media coverage on high profile tax evasion cases involving household names such as Starbucks and Google. This has garnered the attention of the global community and triggered the development of guidelines and proposed changes to international tax rules –  with the release of the final OECD BEPS Reports having a significant impact. As a result, multinationals will need to rethink how they view taxes in a post-BEPS world, and governments will have to think about how they balance the goals of attracting business activity through offering an attractive corporate tax environment with needing to keep a level global playing field. Specifically in Singapore, IRAS has recently introduced more stringent requirements on transfer pricing documentation and implemented Country-by-Country Reporting (“CbCR”) to closely align with specific BEPS action items. 

The introduction of Common Reporting Standards (“CRS”) under the OECD’s Automatic Exchange of Information regime is also another development that will likely have tremendous implications for taxpayers, given that more than 101 countries (including Singapore) have committed to implementing CRS to-date. As such, The Income Tax (International Tax Compliance Agreements) (Common Reporting Standard) Regulations 2016 (8 December 2016) incorporate the requirements of the CRS into Singapore’s domestic legislative framework and direct financial institutions to put in place the necessary processes and systems to collect financial account information from 1 January 2017.

KPMG is pleased to provide an appreciation of the interaction of BEPS and the CRS regime and its impact on clients.  

Seminar Programme

12.00 -12.30pm

Registrations & Standing Buffet Lunch

12.30 -12.45pm

Opening Remarks by Chairperson

Ms. Goh Seow Chee – Managing Director, Wealth Advisory Group at J.P. Morgan 

12:45-1:45pm

CRS  and BEPS Singapore –  Update on Practical Challenges, Issues, Interpretations & Applications

  • Ms. Tan Siang Hwee - Director, Forensic Practice, KPMG Singapore
  • Ms.  Felicia Chia – Partner, Transfer Pricing Practice,  KPMG Singapore

1:45 – 2:00pm

Q&A Session & Closing Remarks

  

About the Speakers: 

Siang

Ms. Tan Siang Hwee – Director, Forensics Practice, KPMG Singapore

Siang Hwee is a Director in KPMG’s Forensic practice with more than ten years of financial services and trading experience.  She joined KPMG Forensic in 2012, having previously been Senior Vice President, Sales for MF Global Singapore Pte Ltd from 2000. Siang Hwee has substantial experience of trading, having overseen the Retail Sales and Trading Desk at MF Global, which handles customers trading in products ranging from Futures & Options, Leveraged Foreign Exchange, Securities and Contracts for Difference. She serviced institutional accounts with margin deposits in excess of US$10 million, managing a regional clientele consisting of institutional clients from Hong Kong, China, Taiwan, South East Asia. Her experience at MF Global provided her with an in-depth understanding of front to back trading and settlement processes including know your customers, trading and execution, trade reconciliations, settlements and treasury functions. Part of managing the team requires her to actively review customers’ portfolios to provide an assessment of risk and regulatory compliance. She is well versed in major electronic platforms including amongst others PATsystems, GL Trade, CGQ, Trading Technology (TT), Currenex, IRESS, Bloomberg and Reuters. Siang Hwee has extensive experience of delivering training around trading and exchanges, having organised educational seminars for customer on-boarding both in-house and in collaboration with exchanges and educational partners, carried out training and demonstration of all available electronic trading platforms to customers.

 

  Felicia

Ms.  Felicia Chia – Partner, Transfer Pricing  Practice, KPMG Singapore

Felicia is a Partner in the Transfer Pricing Practice of KPMG Singapore and the Financial Services Transfer Pricing lead in Singapore.  She has over twelve years of experience in providing transfer pricing services to multinational clients in Singapore, the United States, and the Asia Pacific region.  In 2008, she returned to Singapore after embarking on an international rotation with KPMG LLP’s Silicon Valley office. Felicia’s experience includes advising on transfer pricing planning and documentation projects to determine proper arm’s-length compensation for tangible property, intangibles, and intercompany services.  In addition, she has assisted in the preparation of cost allocation studies for global/regional headquarters, as well as audit defence assistance and conducting transfer pricing risk analyses.  She has also been involved in the negotiation and implementation of unilateral and bilateral advanced pricing arrangements (APAs) and mutual agreement procedures (MAPs).  Felicia has also led several value chain management projects and advised clients on how to comply with OECD BEPS guidance.  Felicia is a regular speaker on global transfer pricing and has published a number of articles in connection with transfer pricing issues. She was recognized as a leading adviser in Singapore in the inaugural 2015 and 2016 editions of the International Tax Review’s “Women in Tax Leaders” guide.

About the Chairperson:

  comm gsc

Ms. Goh Seow Chee – Managing Director, Wealth Advisory Group at J.P. Morgan

Goh Seow Chee is a Managing Director of the Wealth Advisory Group at J.P. Morgan's Private Bank based in Singapore, which is dedicated to serving the international tax, trust, succession and strategic planning needs of our clients. She is responsible for the firm's Wealth Advisory practice and will be advancing the firm's efforts to develop customized and leading edge wealth planning products and solutions for clients.


Registration  Fees

Membership Type

Fees

Members of STEP 

S$50

Chartered Institute for Securities and Investment (CISI) Singapore, CFA Singapore, CPA Australia, CPA Singapore/ISCA, 

International Fiscal Association (IFA), Law Society of Singapore, Singapore Corporate Counsel Association (SCCA),

Singapore Trustees Association (STA), Singapore Association of the Institute of Chartered Secretaries and Administrators (SAICSA) 

S$80

Others

S$100

 Download brochure HERE.

Location :1 Marina Boulevard, NTUC Centre, Level 9, Room 903, S 018989
Contact :STEP Secretariat, This email address is being protected from spambots. You need JavaScript enabled to view it.
Registrations are now closed

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