SCTP: TP and the Global Supply Chain Disruptions


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Recommended: Journey through the TP implications and how to manage them
Date:
18 March 2022, Friday

Closing date: 11 March 2022, Friday, or when spaces are filled

Time:
10.00AM - 12.00PM

Tech check from 9.45am

Venue:
Online Classroom

CPE Hours (Income Tax):

2 hour(s)

CPE Hours (GST):

0 hour(s)

Fees:
$35 (SCTP/ISCA Member); $45 (Association Member); $65 (Non-Member)
Contact:
Contact Nabila (+(65) 6360 5969), Ashika (+(65) 6360 5979) or enquiry@sctp.org.sg
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Programme Synopsis

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Steep rebound in demand, sudden port closures and various lockdowns, forced closure of factories and sudden changes in border access have, as you can imagine, created the perfect tidal wave of challenges in global supply chain issues. These are just the tip of the iceberg of the gargantuan of complications, businesses have faced in global supply chain woes.
 
Join Accredited Tax Advisors (Income Tax) Mr Jonathan Belec and Mr Stephen Lam, Partners at Ernst & Young Solutions LLP as they journey through the transfer pricing (TP) implications of supply chain disruptions and how companies are managing them. Covering not just TP documentation, the session also surfaces up processes and adjustments to note. Don’t get stuck in murky TP waters resulting from the choppy waters of global logistics.

Programme Outline

  • Summary of global transfer pricing environment
  • Recent types of supply chain disruptions
    - Resulting from COVID
    - Resulting from other factors (e.g., trade disputes, decarbonisation, etc)
  • Common implications on transfer pricing model
    - Presentation of traditional transfer pricing model
    - Examples of impacts resulting from supply chain disruptions
  • Best practices in managing transfer pricing implications and risks
    - Documentation
    - Transfer pricing adjustments
    - Process
  • New realities beyond COVID 
    - Production near shoring
  • Conclusion 
    - Key actions and next steps

About the Facilitator(s)


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Mr Jonathan Belec
Partner, International Tax and Transaction Services – Transfer Pricing
EY Singapore
Accredited Tax Advisor (Income Tax)


Jonathan Belec brings extensive transfer pricing (TP) experience in Singapore, China, and Canada and serves clients across various sectors, including automotive, consumer products, industrial, life sciences, oil and gas, real estate, semiconductor, shipping and logistics, and telecommunications.

As a TP practitioner, Jonathan has advised clients on global transfer pricing compliance, country-by-country reporting, transfer pricing controversies, transfer pricing aspects of BEPS 2.0, advance pricing agreements, operating model effectiveness, operational transfer pricing, shared services centres, centralized procurement strategies, and intellectual property tax planning. 

Prior to his role in EY Singapore, Jonathan had previously lectured on transfer pricing at the University of Montreal, Canada, and served as a tax policy advisor for the Department of Finance Canada. He is a CFA Charterholder of the CFA Institute and holds an MA in Economics from Queen’s University, Canada. 

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Mr Stephen Lam
Partner, International Tax and Transaction Services - Transfer Pricing
Ernst & Young Solutions LLP
Accredited Tax Advisor (Income Tax)


Stephen has worked in Asia since 2010, with over 20 years of advisory experience in transfer pricing. His experience includes designing, recommending and supporting tax and transfer pricing models in a variety of industries including apparel, e-commerce, fast-moving consumer goods, commodities, hi-tech, logistics, pharmaceutical and shipping. Prior to his time in Asia, Stephen spent over nine years in London advising European multinational corporations based in Belgium, France, Germany, the Netherlands, Republic of Ireland, Sweden and the UK. In addition, he spent three years in Taiwan, where he co-managed the transfer pricing team. Stephen has advised on projects including the restructuring of global supply chains for multinational corporations, global transfer pricing documentation projects, transfer pricing controversy (including APAs), cash pooling structures as well as IP structuring. Stephen is a frequent speaker at seminars and events on transfer pricing and operating model effectiveness and has written numerous articles on these topics as well. Stephen has a Double-Bachelor’s degree in Finance and Accountancy from the University of Adelaide (Australia). Stephen is also a member of the Singapore Chartered Professionals. Stephen is a facilitator for the Advanced Tax Programme (International Tax Module) conducted by the Tax Academy of Singapore.








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