PwC Singapore Budget Seminar 2014

New Directions: Inflections and Reflections 

Friday, 28 February 2014
9.00am – 4.30pm
Raffles City Convention Centre

8.30am

Registration

 

Opening/Welcome Address

Mr Yeoh Oon Jin, Executive Chairman, PwC Singapore

 

2014 Budget Highlights

PwC speakers

 

Coffee break

 

Commentary on the Budget announcement/outlook 

by Mr Jimmy Koh, Head, Managing Director, Investor Relations and Research, UOB

 

Panel Discussion: 2014 Budget Highlights

Moderator:
Mr Abhijit Ghosh, Tax Partner, PwC Singapore

Panellists:

Mr Ho Meng Kit, CEO, Singapore Business Federation
Mr Jimmy Koh, Head, Managing Director, Investor Relations and Research, UOB
Ms Jessica Tan, Chairman, Government Parliamentary Committee for Finance and Trade & Industry, Managing Director, Microsoft Singapore

12.00am

Lunch

1.00pm

 

 

 

 

 

 

 

 

 

 

 

 

Breakout sessions

(Participants can attend two sessions)

 

Breakout Session 1: Tax implications for intellectual property planning
by Mr Alan Ross, Head of Tax, PwC Singapore and
Mr Abhijit Ghosh, Tax Partner, PwC Singapore

Proper intellectual property tax planning is increasingly an important aspect in pursuing business growth. In this session, we will discuss the different phases of the intellectual property life cycle and tax issues relevant for each phase.  We will also touch upon some international developments in the intellectual property tax space and consider some planning ideas.

 

Breakout Session 2: Transfer pricing – overcoming the storm
by Ms Chai Sui Fun, Tax Partner, PwC Singapore and
Mr Falgun Thakkar, Senior Manager, Transfer pricing, PwC Singapore 

Transfer pricing is the most talked about topic in today's tax world. Governments all over are increasingly seeking to challenge the potential erosion of their tax base through transfer pricing. At this session, our speakers will share update on the global developments on transfer pricing as well other areas within transfer pricing which includes transfer pricing documentation and dispute resolution strategies

 

Breakout Session 3: Country sessions – China, India, Indonesia, Malaysia
by Mr Andy Baik, International Tax Services, Partner, PwC Singapore and
PwC Country Partners (see below)

Amidst the general economic slow-down globally, China, India and the various South East Asian economies have continued their momentum for attracting foreign direct investments in this region. Join our various PwC Tax Leaders from our network firms in China, India, Indonesia and Malaysia as they discuss some of the most impactful tax developments affecting inbound investments into their respective countries.

 

Breakout Session 4: Tax risk management in the changing fiscal environment
by Mr Paul Cornelius, Tax Partner, PwC Singapore and
Mr Mahip Gupta, Tax Director, PwC Singapore

Based on Lloyd’s Risk Index 2013, the tax risk is now the number one business risk. Indeed, the fiscal landscape is increasing getting more stringent in the aftermath of the global financial crisis, necessitating a revisit of the tax risk management strategies. Our experts advising on Tax Risk Management matters will take you through the key factors driving the changes in fiscal environment, important developments relevant to tax risk management – a global and Singapore perspective, and how taxpayers can respond to manage tax risks better – the immediate action points and longer term structural points.

 

Coffee Break

 

Plenary Session on International Tax Developments 
by Mr Alan Ross, Head of Tax, PwC Singapore and
Mr Andy Baik, International Tax Services, Partner, PwC Singapore

There has been unprecedented political will at the international level to fight perceived abusive tax practices. Backed by the G-20, the OECD launched the Base Erosion and Profit Shifting (BEPS) project in 2013, while the US has been working on various proposals for comprehensive tax reforms as early as 2005. While we are still in the early days of these international tax developments, we see that there is a serious intent at the policy level and that changes to the international tax framework will be imminent.

In this session, Alan will discuss how some of these developments such as proposed new reporting obligations and substance requirements may mean for businesses operating in Singapore and the region. Alan will also offer insights on how groups may like to pre-position themselves for some of these impending tax changes and how one may proactively manage tax risks. Andy will also share his thoughts from a US perspective.

 

 

 

 

 

 

Panel Discussion on International Tax Developments

Panellists:
Mr Edwin Wong, China North Tax Leader and China International Tax Leader, PwC China
Mr Shyamal Mukherjee, Tax Leader, PwC India
Ms Ay Tjhing Phan, Head of Tax, PwC Indonesia
Mr Jagdev Singh, Tax Leader, PwC Malaysia
Mr Andy Baik, International Tax Partner, PwC Singapore

Since the launch of the OECD BEPS project, many countries in Europe, Latin America and Australia have been very vocal with respect to taking actions to "close the tax loopholes". In this panel discussion, our Tax Leaders from our PwC network firms in China, India, Indonesia and Malaysia will share their take on where these international tax developments are heading, from the perspective of their respective territories. These country leaders will also share their insights on the possible impact on taxpayers in their countries and how taxpayers might better position themselves in these times of (tax) uncertainty.

 

Closing remarks

Mr Alan Ross, Head of Tax, PwC Singapore

4.30pm

End of Programme