INTRODUCTION

Singapore offers a strong investment climate and competitive tax environment in a free enterprise economy. It has managed to attract many foreign investors with its attractive corporate and personal income tax rate, and an absence of a capital gains tax. The relative ease of setting up a business in Singapore along with its numerous tax incentives help ensure Singapore remains a business-friendly environment for local and international businesses alike.

Tax

OBJECTIVES

The EuroCham Regional Tax committee provides members with a platform for an exchange between in-house tax managers from European businesses with a focus on Asia Pacific tax matters. The committee also serves as an effective platform for engagement and advocacy with enterprise promotion authorities in Singapore, Europe, and ASEAN. The committee also provides for the exchange of information among other tax committees within the regional EuroCham network.

LEADERSHIP

Mr Jordi Bonabosch, Head of Tax, INSEAD (Chair)
Ms Tiaré Muller, APAC Tax Director, Michelin Asia-Pacific Pte Ltd (Co-Chair)
Ms Listryarinie Ongko (Lis), Senior Indirect Tax Advisor, BP Singapore Pte Ltd (Co-Chair)
Mr Noe Denis, Regional Tax Officer, Asia Pacific, Allianz SE (Co-Chair)
Mr Anthony Luk, APAC Tax, LEGO Singapore (Co-Chair)

HIGHLIGHTS

  • The Implications of Working From Anywhere
  • EU VAT and the Implications
  • Event on the management of Transfer Pricing and Customs in APAC
  • EuroCham members tax survey
  • The Impact of COVID-19 in China and Vietnam from a tax perspective
  • Closed-door session on “recharge agreements in APAC”
  • Taiwan Withholding Saving Opportunity: Practical Insights on Recent Development

TOPICS

  • Transfer pricing developments and updates
  • Regional implementation of GST
  • OECD Base Erosion and Profit Shifting
  • Tax incentives policies of Singapore
  • Tax challenges arising from the digitalisation of the economy (BEPS 2.0)

STAKEHOLDERS INCLUDE

  • Internal Reveneu Authority of Singapore (IRAS)
  • Singapore Tourism Board (STB)
  • Monetary Authority of Singapore (MAS)
  • Ministry of Finance (MOF)
  • Economic Development Board (EDB)

COMMITTEE MEMBERS INCLUDE