Commodities

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IBCCOMMODITIES

2 - 3 September 2015 Grand Copthorne Waterfront Hotel, Singapore

Commodity TradeTAX AND TRANSFER PRICING

Asia’s First and Only Event forTax Planning and Solutions forCommodity Trade

SPEAKERS:Luis Coronado, Partner, Transfer Pricing, Ernst & Young

Boey Yoke Pin, Partner, Tax, Baker Tilly

Geoffrey Soh, Head of Transfer Pricing, KPMG

Sowmya Varadharajan, Director, IC Advisor

Chua Kong Ping, Tax Senior Manager, Deloitte

Paul Anthony Cornelius, Tax Partner, PricewaterhouseCoopers

Herdin Syafari, Tax Director, Rawlinson & Hunter

Harvey Koenig, Partner, Enterprise Incentive Advisory, KPMG

Liu Hern Kuan, Partner – Head, Tax, Rajah & Tann

Daniel Ho, Director of Taxes, Deloitte

ONE-STOP SHOPSOLUTIONS ON:

Compliance issues in commodity trade, tax andtransfer pricingImportant tax consideration for Global TradeProgrammeCase studies on different Tax structures andalternative strategy optionsCase Law analysis

BOOK AND PAY EARLY TOSAVE UP TO USD400

Or register a team of 3 or more delegates and takeadvantage of our Special Group Rate,

PLUS – the 4th delegate attends for free!

www.commoditiestax.com

REGISTER TODAY! +65 6508 2401 register@ibcasia.com.sg www.commoditiestax.com

COMMODITY TRADE, TAX AND

COMMODITY TRADE,TAX AND TRANSFERPRICING

about

Tax and Transfer Pricing compliance in Commodities Trade isa major focus area given the impact on bottom line. Companiesneed to be on top of strategies for optimising returns to ensuremaximum benefit, be able to negotiate exposure, and makesure transfer pricing practices do not attract investigations.

As global trading hubs step up new initiatives to be morecompetitive, regulatory changes are inevitable. This requirescompanies to be constantly aware of their tax exposures andcompliance requirements, and at the same time, not miss themany opportunities to maximize benefits of tax incentives,treaties and trade agreements.

IBC’s Expert Briefings are designed to harness opinion oncommercial aspects of Tax, Law, Accounting and Compliance.We tap into our extensive sector specific knowledge andnetworks, to bring to you insights from top practitioners inthe respective fields. Our briefings are contemporary, cuttingedge, and aimed at providing practical solutions to industry.

KEY HIGHLIGHTS:Interpret the application of tax treaties in the context ofinternational tax environment

Hear expert insights and clarification on the evolvinginternational transfer pricing guidelines

Benchmark the adequacy of your tax optimizationapproaches with peers from the industry

Learn strategies to strike an acceptable balance betweentax optimisation and fair taxation

Network with high level regulators plus tax practitionersfrom corporates

CONFERENCE DAY ONEWEDNESDAY 2 SEPTEMBER 2015

0830 Registration and Morning Coffee

SINGAPORE IN FOCUS

0900 Negotiating Your Ideal Concessionary Tax Rate

• Key things to note when apply for renewal and extensionof concessionary tax

• Important business and tax consideration before application• Potential tax pitfalls as you grow your business in Singapore• Global Trader Programme(GTP) and analysis of regional

opportunitiesDaniel Ho, Director of Taxes, Deloitte

1000 Rethinking Your Tax Strategy in the Current Environment

• Overview on Singapore’s Double Tax Agreement (”DTA”)• Recent changes in taxation regulations and cases on GTP• Pressures from the international tax reform• OECD Model Tax Convention in SingaporeHarvey Koenig, Partner, Enterprise Incentive Advisory, KPMG

1100 Networking Break

TAX STRATEGY ANDTRANSFER PRICING

1130 Transfer Pricing Compliance Requirements for Commodity

Trading Companies

• G20-OECD Action Plan on Base Erosion and Profit Shifting(BEPS)

• Key compliance consideration for your transfer pricingframework

• Tax transparency, anti-avoidance and anti-abuse ruleLuis Coronado, Partner, Transfer Pricing, Ernst & Young

1230 Evolving Transfer Pricing Guidelines

• Overview of Singapore’s Transfer Pricing legislation andregional updates

• Assessing the “override power” of tax authority in transferpricing matters

• What the future may entail for commodity tradingcompanies

Sowmya Varadharajan, Director, IC Advisors

1330 Networking Lunch

TAX INVESTIGATIONS

1430 Transfer Pricing Strategy: Keeping it Arm’s Length

• Best practice on applying the arm's length principle anddocumentation

• Choosing the most appropriate transfer pricing method• What about a non-arm’s length treatment for certain

commodity transactions?Geoffrey Soh, Head of Transfer Pricing, KPMG

REGISTER TODAY! +65 6508 2401 register@ibcasia.com.sg www.commoditiestax.com

TRANSFER PRICING

1130 Being prepared for Transfer Pricing Queries from

Regulators

• What are the common red flags that lead to a taxinvestigation

• Appropriate actions in managing regulators expectations• Insights into the audit and investigation process• Management duty during the investigationChèrie Lehman, Partner, TP Services

1230 Satisfying Indonesian Tax Obligations

• Customs Value and Transfer Pricing: Impact to oncorporation tax and customs duty

• Strategies in managing Indonesian VAT rulings to minimizethe risk from severe penalties

• Income Tax Importation: Impact to the company’s taxposition

• Customs Duty and Tax Incentives availableHerdin Syafari, Tax Director, Rawlinson & Hunter

1330 Networking Lunch

DISPUTE AND RESOLUTION

1430 Resolving Treaty-related Disputes

• Improve business assurance with Mutual AgreementProcedures (MAPs)

• Minimize pricing risk with Advance Pricing Agreement(APAs)

• Alternative Dispute Resolution• Case reviews on recent cross-border taxation dispute

1530 Case Law Updates on Recent tax Rulings

• Case-law analysis• Tax cases in the Singapore courts• Lesson learnedLiu Hern Kuan, Partner, Head – Tax, Rajah & Tann

1630 Networking Session

1700 End of Day 2

INTERNATIONAL TAXINTERSECTIONS

1530 Navigating the Relationship Between Domestic and

International Tax Systems

• Key risk factors to watch out in cross-border commoditiestrading

• Imminent changes in local and international legislation• Is transfer pricing the natural outcome of a multi-

jurisdictional world?• What are the tax risk involved and steps to mitigate or

eliminatePaul Anthony Cornelius, Tax Partner, PwC

1630 End of Day 1

CONFERENCE DAY TWOTHURSDAY 3 SEPTEMBER 2015

TAX OPTIMISATION FORCOMMODITIES

0900 Indirect Tax Management

• Examining the ‘nominal’ vs. ‘effective’ indirect tax rates forcommodity

• What is the best strategy to adopt for Indirect Tax onintercompany transactions

• Discussing the heighten compliance risk due to differencein Indirect tax (GST)

• Recent GST audit issues and indirect tax case law involvingcommodity player

Boey Yoke Ping, Partner-Tax, Baker Tilly TFW

1000 Dealing with the Withholding Tax Maze

• How may you reduce the withholding tax rate?• Important consideration in negotiating withholding tax

exemption• What are the common errors made by commodity tradersChua Kong Ping, Tax Senior Manager, Deloitte

1100 Networking Break

P51489 / I8UCQ WEB

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This label contains your priority booking code. To expedite registration, please do not remove label. If you havealready received a copy of this brochure, we apologise. For reasons of confidentiality, your full particulars were notavailable to IBC Asia (S) Pte Ltd for deduplication prior to mail drop.

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Commodity Trade, Tax and Transfer Pricing

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made in favour of “IBC Asia (S) Pte Ltd” and mailed to:IBC Asia (S) Pte Ltdc/o Informa Regional Business Services111 Somerset Road, TripleOne Somerset #10-06Singapore 238164Attn: The Accounts Receivable Team

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Should you be unable to attend, a substitute delegate iswelcome at no extra charge. Cancellations must be received inwriting at least 10 business days before the start of the event,to receive a refund less 10% processing fee per registration.The company regrets that no refund will be made available forcancellation notifications received less than 10 business daysbefore the event.

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RESERVE YOUR PLACE TODAY!■ Yes! I/We will attend the Commodity Trade, Tax and Transfer Pricing

2 – 3 September 2015, Grand Copthorne Watrfront Hotel, Singapore■ I would like to purchase the conference presentations at SGD1000 + GST (SGD1070) per log in.

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24 July 2015

❑ 2 Day Conference

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Grand Copthorne Waterfront Hotel392 Havelock Road, Singapore 169663Contact Person: Tan Ai LiAssistant Director of EventsMobile: + 65 9006 2432Tel: +65 6233 1301 | Fax: +65 6233 1177Email: aili.tan@millenniumhotels.com

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