BEPS 2.0 and COVID-19: A New World Order for Transfer Pricing?

The last decade was defined by a range of international tax and transfer pricing developments, which came about due to the Base Erosion and Profit Shifting (“BEPS”) Action Plans by the Organisation for Economic Cooperation and Development (“OECD”).

Now the COVID-19 pandemic is further impacting a business’ transfer prices, analysis and documentation. The effect of the BEPS action plans and the current economic uncertainty is likely to increase the scrutiny of related party transactions by tax authorities. Hence, companies with significant cross-border related party transactions should think about the broader implications of their business decisions and consider taking appropriate actions.

To provide guidance for businesses on the current transfer pricing challenges, Crowe Singapore will be organizing a complimentary webinar on Friday, 17 July 2020 at 4pm, led by our Director for Transfer Pricing Services, Dr. Sowmya Varadharajan.

Programme Outline:

• What are the complexities of transfer pricing due to BEPS 2.0 and COVID-19?
• How do you modify your transfer pricing framework to adapt to prevailing circumstances?
• How do you maintain contemporaneous documentation amidst the challenges?
• What are the common pitfalls to avoid to manage transfer pricing risks?

This webinar is suitable for:

• C-suite executives,
• Business owners,
• Accounting, Banking, Finance, Legal, IT and Trust professionals, and
• Tax practitioners.