Course Detail(TAX159 : Tax Risk Management Workshop Part I - Overview of BEPS)

SkillsFuture Credit

TAX159 : Tax Risk Management Workshop Part I - Overview of BEPS

7.00 CPE Hours (Others)
Classroom

Important:
If you wish to use your SFC to pay for partial/full ISCA course fee , please login to the SFC portal (http://www.skillsfuture.sg/credit) with your Singpasswithin 60 days before the course start date to submit a SFC Claim and obtain the necessary approval. For more information on SFC procedure, please click here.
 
Failure to submit claim application via SkillsFuture Portal and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use and an administrative fee of $42.80 to revise the invoice based on the amount of SFC you have indicated to use.


SDF Funding (Corporate Registration only)
To enroll participants with SDF Funding, please click here to download the manual form.
Online registration via ISCA Portal will not be eligible for SDF Funding.


Programme Objective

How many of you agree that tax authorities worldwide are getting more aggressive in their audit on companies they perceive to be involved in aggressive tax planning.  Taking their lead from the G20, the OECD in July 2013 issued a comprehensive action plan setting out concerns and outlining solutions they intend to develop over the next few years. The use of low tax jurisdictions will be closely scrutinised. The concept of “Permanent Establishment” will be critically reviewed.  What all these mean is that your organisation is living in an ever-increasing risky environment. You can expect more scrutiny by tax authorities especially when you are active in engaging high volume of business restructurings and refinancing activities in order to stay profitable. Tax authorities have joined forces globally and become more aggressive and focused after the impact of the Global Financial Crisis. Sad to say, tax risk management models you developed 5 years ago, if any, no longer provide adequate protection in current business environment.

In this module, participants will have an opportunity to acquire a basic understanding of the Base Erosion & Profit Shifting (BEPS), with particular emphasis on certain key areas that may have a significant impact on your organisation’s international tax planning strategies on a going forward basis.

Formerly TAX106: Tax Risk Management - How to Identify Risk Areas & Mitigate Tax Exposure in Business Restructuringlevant.
 

Programme Outline

 

  • Discuss the key elements in international tax planning 
  • Discuss the OECD’s concern of the BEPS activities undertaken by the multinational enterprises (MNEs) leading to the formulation of the various action plans.
  • Identify the characteristics of a desirable jurisdiction for setting up a holding company structure and examine the OECD’s concern of the BEPS activities undertaken by the MNEs in choosing the jurisdiction in which to set up holding company. 
  • Explore the common financing strategies adopted by the MNEs and explain the OECD’s concern of the BEPS activities undertaken by the MNEs
  • Review the OECD’s proposal to improve the existing transfer pricing practices adopted by the MNEs
  • Update the latest response by Singapore to the OECD’s action plans.
Training Methodology

Group Case Studies and Discussion Format

Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

Senior Tax Consultants, Managers and Senior Managers in International CA firms who are involved in tax compliance and advisory work; Tax Associates from all levels in law firms who are involved in tax advisory work; In-house Tax Directors and Managers, Chief Financial Officers, or Financial Controllers who are involved in making key tax decisions for their companies; Public Practitioners from local CA firms who provide their clients with tax compliance and tax advisory services and; Independent advisors who provide their clients with tax advisory services.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

06 Aug 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Jack HM Wong

Date & Time

28 Aug 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Jack HM Wong

Date & Time

04 Aug 2016 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Jack HM Wong

Testimonial

Funding

1] SkillsFuture Credit
Funding Period: Until 15 Feb 2019

All Singaporeans aged 25 and above will receive an opening credit of S$500 from the government. The credits will not expire and periodic top-ups will be provided by the government. SkillsFuture credit may be accumulated to pay for skills related course fees. For more information on the SkillsFuture Credit scheme, please visit http://www.skillsfuture.sg/credit

If you wish to use your 
SFC to pay for partial/full ISCA course fee , please login to the SFC portal(http://www.skillsfuture.sg/creditwith your Singpasswithin 60 days before the course start date to submit a SFC Claim and obtain the necessary approval. For more information on SFC procedure, please click here.
 
Failure to 
submit claim application via SkillsFuture Portal and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use and an administrative fee of $42.80 to revise the invoice based on the amount of SFC you have indicated to use.

2] SDF Funding
This course is approved for SDF funding ($2 per training hour) for Company-sponsored participants only (eligibility criteria apply). 
 
To enroll participants with SDF Funding, please click here to download the manual form.
Incomplete registration form will not be processed.  
Online registration via ISCA Portal will not be eligible for SDF Funding. Please note that there will be an admin fee of $42.80 for any wrong registration or revision of invoice. 
 
Funding Period: Until 15 Feb 2019
Funded Hours: 7 hours
 
Eligibility Criteria:
  • Company must be registered or incorporated in Singapore and;
  • Applicant is taking the course for the first time.
  • Applicant must be employed, and is either Singapore Citizen or Permanent Resident of Singapore and;
  • Applicant must achieve at least 75% attendance, and pass all examinations /assessments and;
  • Applicant must be fully sponsored by the Company for all costs associated with the training and;
  • Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

Programme Facilitator(s)


Jack HM Wong
Accredited Tax Advisor (Income Tax & GST)
FCA Singapore 
 
 
An Accredited Tax Advisor, Jack has over 24 years of international tax experience, providing MNC and high net-worth individuals with his comprehensive, relevant and timely solutions to address their urgent tax challenges.  He also has substantial experience in resolving tax disputes with the tax authorities and negotiating for tax incentives with the Singapore Government agencies on behalf his clients. Jack wins praise for his effective balance of the tax technical skills and client services.  In 2010, Jack received the honour of being named one of the top Notable Tax Practitioners in Singapore by Chambers & Partners, Asia. 
 
Apart from his tax practice, Jack has also embarked on his personal development journey and training in 2008 as he realises that it is important to have both business/ technical development and personal development for him to continue to take his business to the next level. Jack made the decision to specialise in the areas of personality profiling, sales presentation & pitch construction using proven language patterns, negotiation and communication skills. 
 
Currently, Jack is a certified / licensed trainer & facilitator with the following credentials:
 
Certified TetraMap Facilitator
Certified & Licensed Trainer with BANKCODE 
Licensed Trainer in Neuro-Linguistic Programming
Certified Trainer & Coach in Blair Singer Training Academy
Certified Trainer in Myers-Briggs Type Indicator® for STEP I & STEP II
Certified Trainer in Basic and Advanced Enneagram Spectrum of Personality Styles

Important:
If you wish to use your SFC to pay for partial/full ISCA course fee , please login to the SFC portal (http://www.skillsfuture.sg/credit) with your Singpasswithin 60 days before the course start date to submit a SFC Claim and obtain the necessary approval. For more information on SFC procedure, please click here.
 
Failure to submit claim application via SkillsFuture Portal and obtain necessary approval before the course start date will result in topping up of the SFC indicated for use and an administrative fee of $42.80 to revise the invoice based on the amount of SFC you have indicated to use.


SDF Funding (Corporate Registration only)
To enroll participants with SDF Funding, please click here to download the manual form.
Online registration via ISCA Portal will not be eligible for SDF Funding.


Programme Objective

How many of you agree that tax authorities worldwide are getting more aggressive in their audit on companies they perceive to be involved in aggressive tax planning.  Taking their lead from the G20, the OECD in July 2013 issued a comprehensive action plan setting out concerns and outlining solutions they intend to develop over the next few years. The use of low tax jurisdictions will be closely scrutinised. The concept of “Permanent Establishment” will be critically reviewed.  What all these mean is that your organisation is living in an ever-increasing risky environment. You can expect more scrutiny by tax authorities especially when you are active in engaging high volume of business restructurings and refinancing activities in order to stay profitable. Tax authorities have joined forces globally and become more aggressive and focused after the impact of the Global Financial Crisis. Sad to say, tax risk management models you developed 5 years ago, if any, no longer provide adequate protection in current business environment.

In this module, participants will have an opportunity to acquire a basic understanding of the Base Erosion & Profit Shifting (BEPS), with particular emphasis on certain key areas that may have a significant impact on your organisation’s international tax planning strategies on a going forward basis.

Formerly TAX106: Tax Risk Management - How to Identify Risk Areas & Mitigate Tax Exposure in Business Restructuringlevant.
 

Programme Outline

 

  • Discuss the key elements in international tax planning 
  • Discuss the OECD’s concern of the BEPS activities undertaken by the multinational enterprises (MNEs) leading to the formulation of the various action plans.
  • Identify the characteristics of a desirable jurisdiction for setting up a holding company structure and examine the OECD’s concern of the BEPS activities undertaken by the MNEs in choosing the jurisdiction in which to set up holding company. 
  • Explore the common financing strategies adopted by the MNEs and explain the OECD’s concern of the BEPS activities undertaken by the MNEs
  • Review the OECD’s proposal to improve the existing transfer pricing practices adopted by the MNEs
  • Update the latest response by Singapore to the OECD’s action plans.
Training Methodology

Group Case Studies and Discussion Format

Closing Date for Registration

1 week before programme or until full enrolment
 

Intended For

Senior Tax Consultants, Managers and Senior Managers in International CA firms who are involved in tax compliance and advisory work; Tax Associates from all levels in law firms who are involved in tax advisory work; In-house Tax Directors and Managers, Chief Financial Officers, or Financial Controllers who are involved in making key tax decisions for their companies; Public Practitioners from local CA firms who provide their clients with tax compliance and tax advisory services and; Independent advisors who provide their clients with tax advisory services.

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

Jack HM Wong
Accredited Tax Advisor (Income Tax & GST)
FCA Singapore 
 
 
An Accredited Tax Advisor, Jack has over 24 years of international tax experience, providing MNC and high net-worth individuals with his comprehensive, relevant and timely solutions to address their urgent tax challenges.  He also has substantial experience in resolving tax disputes with the tax authorities and negotiating for tax incentives with the Singapore Government agencies on behalf his clients. Jack wins praise for his effective balance of the tax technical skills and client services.  In 2010, Jack received the honour of being named one of the top Notable Tax Practitioners in Singapore by Chambers & Partners, Asia. 
 
Apart from his tax practice, Jack has also embarked on his personal development journey and training in 2008 as he realises that it is important to have both business/ technical development and personal development for him to continue to take his business to the next level. Jack made the decision to specialise in the areas of personality profiling, sales presentation & pitch construction using proven language patterns, negotiation and communication skills. 
 
Currently, Jack is a certified / licensed trainer & facilitator with the following credentials:
 
Certified TetraMap Facilitator
Certified & Licensed Trainer with BANKCODE 
Licensed Trainer in Neuro-Linguistic Programming
Certified Trainer & Coach in Blair Singer Training Academy
Certified Trainer in Myers-Briggs Type Indicator® for STEP I & STEP II
Certified Trainer in Basic and Advanced Enneagram Spectrum of Personality Styles

Upcoming Schedule

Registration is closed

Date & Time

06 Aug 2018 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 329.56
For Non-Members: $ 398.04

Programme Facilitator(s)

Jack HM Wong

Venue

60 Cecil Street
ISCA House
Singapore 049709