In the face of rapid changes in tax legislation and closer scrutiny on corporate taxation, AAIS organised a Tax Forum with guest speakers from Ernst & Young on the topics of Base Erosion Profit Shifting (BEPS) and Incentives for expansion into ASEAN.
The forum, held on 21 October, was attended by CFOs, Finance Managers, and tax professionals from the aerospace community. The International Tax Services team from Ernst & Young shared their expertise on the recent key international tax developments and BEPS action items, the potential implication to the aerospace industry and risks of cross-border taxation for companies operating in multiple jurisdictions. This was followed by a briefing by the Business Incentives Advisory Tax team on the recent developments in Malaysia and Thailand as these countries ramp-up their aerospace industry development activities, as well incentives for companies intending to expand into the Southeast Asia Market.
AAIS is pleased to have facilitated this forum and thanks the team from Ernst & Young for generously sharing their time and expertise with industry members. In line with our new mission, AAIS looks forward to create more of such opportunities to engender the community in other functional areas as well. We hope to galvanise the finance community within the aerospace industry, to convene and discuss common queries or topics of interest. For interest in forming or being part of an aerospace finance community, please contact Ann at ann@aais.org.sg
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