GST Treatment for Transfer Pricing (TP) Adjustments (Live Webinar)

Date:

12 April 2021, Monday

Time:

10.00AM - 12.00PM

Venue:

Online Classroom in or outside of Singapore

Fees:

Details/ Promotion:

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Contact:

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Programme Synopsis

Transfer pricing (TP) concerns the prices charged in transactions between related parties and such transactions are to be carried out at arm’s length. Where the pricing of related party transactions is not at arm’s length, the tax authorities may make TP adjustments to bring the transfer prices to arm’s length. At times, the company may review and make TP adjustments to arrive at the arm’s length outcome.

A TP adjustment may indicate that the company has understated or overstated the value of its supply or import of goods or services for GST purposes. Therefore, the company may be required to make certain GST adjustments. The IRAS has recently issued a new GST e-tax guide on Transfer Pricing Adjustments on 9 November 2020. For past TP adjustments, GST-registered business will need to review these transactions to ascertain if the correct GST adjustments have been adopted.

During this workshop, we will look at the GST adjustments to be made by GST-registered businesses for TP adjustments.

Programme Outline

GST treatment for TP adjustments
Administrative concession where no GST adjustment is required
Proxies that could be used to apportion the TP adjustment to various categories
Supporting documents
Waiver of penalties

About the Presenter(s)/ Trainer(s)

Ms Catherine Chiang
Chartered Accountant (Singapore)
Consul Biz Consultancy Services
Accredited Tax Advisor (GST)

Catherine has more than 20 years of experience in GST consultancy, with 10 years of training experience. She has previously spent 6 years in IRAS, handling GST and Income Tax audit and almost 10 years with 2 of the Big Four international accounting firms, specializing in GST compliance and advisory work. During this period, she has accumulated extensive experience in performing GST prudential reviews, GST consultancy, GST compliance and GST training for clients.

Catherine has a Bachelor of Accountancy (Honours) degree from the National University of Singapore. She is an Accredited Tax Advisor (GST) registered with the Singapore Chartered Tax Professionals and a member of the Institute of Singapore Chartered Accountants. Catherine is also an Advanced Certificate in Training and Assessment (ACTA) certified Trainer.

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