Together with knowledge partners Ernst & Young, AAIS organised a forum on Transfer Pricing and Operating Model Effectiveness for the aerospace tax & finance community on 25 August 2017. The forum was organised against the backdrop of closer scrutiny into transfer pricing policies by international authorities, as well as revisions to the Singapore Transfer Pricing Guidelines by IRAS in the past year.
Mr Edvard Rink, a partner in EY’s OME practice, discussed how companies can respond new business models and the changed tax environment, in relation to heightened PE risks and new ways of value creation in Asia-Pacific. This was followed by updates on Singapore and the region, pertaining to country-by-country reporting (CbCR), secondary mechanism and submission requirements in the Asia-Pacific region by EY transfer pricing expert Mr Jonathan Belec. Ms Anju Singh then covered key aspects of identifying the appropriate application of transfer pricing practices and development of transfer pricing risk management strategies from both tax and operational perspectives.
It was a fruitful and engaging session for the participants. AAIS thanks Ernst & Young for being generous with their time and sharing knowledge with the aerospace community.