OECD’s New Guidance on Transfer Pricing Implications of COVID-19 and Other Recent Developments

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25 February 2021, Thursday

09.00AM - 12.30PM
Hotel Venue to be Advised

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Programme Synopsis

The IRAS first issued its brief guidance in September 2020 with respect to how transfer pricing arrangements should be treated to reflect the commercial and financial relations of COVID 19. 

More recently, the Organisation of Economic Cooperation and Development (“OECD”) has issued its long-awaited “Guidance on the transfer pricing implications of the COVID-19 pandemic” on 18 December 2020.  How does this additional guidance impact taxpayers in Singapore? 

Our highly experienced Trainer will share practical insights on the guidance provided by the OECD and how it can be interpreted by tax payers in preparing transfer pricing documentation for FY 2020.  This workshop will also provide guidance on how the financial statements for FY 2020 should be prepared from a transfer pricing perspective.  In addition, there will also be a discussion on key transfer pricing developments that taxpayers can expect in 2021.  

Programme Outline

A Highlight of Key Areas:
  • Transfer pricing guidance issued by IRAS enhanced by discussion
  • Critical steps to take in preparing transfer pricing documentation for 2020 & 2021
  • Recent transfer pricing developments
  • Transfer pricing developments to be anticipated in 2021

About the Presenter(s)/ Trainer(s)

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Dr Sowmya Varadharajan
IC Advisors Pte Ltd

Dr Sowmya Varadharajan is a Director at an international consultancy firm that specialises in transfer pricing and tax valuation. She is an economist with a PhD in Economics from Cornell University.

Sowmya started her career in transfer pricing at PwC. Having worked as part of the transfer pricing practices in both the US and Singapore, Sowmya has extensive experience in preparing transfer pricing documentation and defending such documentation before tax authorities either as part of the transfer pricing audit process, or through the Advance Pricing Agreement (APA) process.

Sowmya has advised on a wide variety of issues, ranging from simple transfer of goods between related enterprises, to more complicated arrangements of buy-in/cost share/cost contribution and intellectual property transfers. In terms of industry experience, Sowmya has extensive experience in the high-tech/semiconductor as well as pharmaceuticals/biomedical industries.

In addition to her transfer pricing expertise, Sowmya also has considerable experience on tax/intellectual property valuation projects.


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