RFT

Regional Finance & Tax Committee

The EuroCham Regional Finance & Tax Committee provides members with a platform for constructive dialogue, advocacy and active engagement with stakeholders. The Committee provides members with a channel of communication to the Singaporean, European and ASEAN political and economic authorities and business associations.
Members define specific topics of interest and develop position papers while working closely with businesses and government representatives.

We aim to:
  • Share best practices to achieve efficient financing of activities within Singapore and the region
  • Identify solutions to common tax issues when doing business in Singapore and the region
  • Serve as a conduit between our members and the European and Singaporean political and economic authorities and business associations
Highlights

On the 10th of October 2016, members of the Regional Finance and Tax Committee met with Ms Wai Ling LOU, Principal Tax Specialist (Tax Policy & International Tax Division) at the Inland Revenue Authority of Singapore (IRAS) to discuss the prevalent developments touching on risks and IRAS's mutual agreement procedure and advance pricing arrangement.

On the 11th of April 2016, members of the Regional Finance and Tax Committee gathered for an overview of the Singapore Budget 2016. Presented by Mr. Richard Mackender, Indirect TAX Leader at Deloitte & Touche LLP, this session also featured an industry panel discussion with guest speakers from the Wine and Spirit sector, as well as the Financial services sector. 

On the 2nd of December 2015, Dr. Thomas Hufnagel, Partner at Luther LPP Singapore, gave a presentation on Competition Law in Singapore to the Regional Finance & Tax Committee.IMG_6436

On the 9th of September 2015, the EuroCham Regional Finance & Tax Committee invited Ms. Jillian Lim and Mr. Franki Au, Head at Financial Incentives at the Economic Development Board (EDB) to update our members on the tax incentive policy of the EDB in the wake of global developments.

On the 19th of June 2015, the EuroCham Regional Finance & Tax Committee invited Mr. Henry Syrett, Partner, Tax Practice at Ernst & Young Solutions LLP to share with our members on the recently released revised Singapore Transfer Pricing Guidelines. 

Dato’ Subromaniam Tholasy, Director of Customs at the Royal Malaysian Customs Department, was invited by EuroCham's Regional Finance & Tax Committee together with Mr Robert Tsang, head of Deloitte’s Asia-Pacific and Southeast Asia Indirect Practices (24.09.2014). Singapore Economic Development Board - Ms Jillian Lim, Director of Business Environment presents on the new developments of the EDB administered tax incentives affecting European MNCs. Director of Business Environment EuroCham’s Regional Finance and Tax Committee had a closed door session dialogue on BEPS with MOF and IRAS representatives on 31st March 2014. With increasing investments by multinationals in the AsiaPac region and complexities of cross-border transactions, international tax issues have come under the scanner of the revenue authorities. The OECD BEPS project is expected to increase scrutiny of planned tax structures around the world and compliance enforcement is also expected to increase. European MNCs discussed with Singapore tax authorities and heard their views on BEPS and other international tax issues. On the other hand, the Singaporean tax authorities were seeking feedback from European companies on how these are planning to react to BEPS.

 
Find out more

For more information about the work of our Committees, membership and activities, please contact the Policy & Corporate Affairs Manager, Mr. Yiannis Korkovelos at yiannis.korkovelos@eurocham.org.sg.