FTC Incentive & Transfer Pricing Update

AGENDA
1. Recent developments on Finance and Treasury Centre (FTC) Incentive
• Overview of the FTC incentive scheme and the introduction of an additional concessionary tax rate tier of 10%
• Recent developments on the EDB policy with respect to the FTC tax incentive and the impact of Pillar 2 on the FTC tax incentive

2. Updates in Transfer Pricing (TP) Guidelines (Seventh Edition)
• Insights into the IRAS’ updated transfer pricing guidelines (issued this year) and the impacts on financial transactions, including:
• New rules for related party domestic loans entered into on or after 1 January 2025
• Guidance on base reference rates with Interbank Offer Rate (IBOR) reform
• New FAQ 7 for long term loans

Speakers
• Tracy Tham, Partner, International Tax & Transaction Services – Business Incentives Advisory, Ernst & Young Solutions LLP
• Adam Henderson, Partner, Transfer Pricing, Ernst & Young Solutions LLP