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Customer Service Hotline: +65 6508 2401

MaritimeTraining Academy

an informa business

www.ibc-asia.com/shippingTAX

All participants receivea Course Certificate

Special GroupSavings Available

Save up to 40%with Inhouse TrainingAttend in a team and save more!

Intensive Training Course | Limited Group Size | So Book Early!

2+1 Offer! See registration page for details!

A Practical Guide to TAXation In Shipping25 - 26 October 2017 | Mandarin Orchard Hotel, Singapore

Key Benefits of Attending• Technical aspects of tax structuring and planning for

global optimisation

• Understand critical global tax risk - Transfer Pricingrisks, global cumulative risks, and risks related to taxtreaties.

• Get a better understanding of Singapore shipping taxincentive and leverage on substantial tax savings

• Find out the scope of OECD BEPS action plan and itsimpact on shipping taxation.

• Practical techniques for identifying, managing,analyzing, prioritizing and mitigating tax risks

• Manage compliance effectively with betterunderstanding of international technical auditstandards

• Apply practical learnings in dealing with civil orcriminal tax disputes from different authorities andmanage controversies when they arise

• Master global tax pitfalls and opportunities

Who Should Attend

Course Director

• Ship Owners, Managers, Board Members and Operators

• Offshore Vessel Owners

• Ports & Terminals

• Classification Societies and Maritime Consulting

• Maritime, Tax Authorities and Ship Registries

• Accounting Firms

• Law Firms

• Banking & Finance

• Private Equity and Shipping Investment Trust

Dr. Knut Olsen is a Chartered Global Tax Practitioner, a Chartered Transfer Pricing Specialist, Chartered Anti-Corruption Advisor and a partner in Dr. K. Olsen Global Tax in Norway, a company that was voted as a world leading tax firm in 2016 & 17 by World Tax. He has 36 year of experience in taxation and specialises in international taxation, Transfer Pricing, shipping taxation, global tax risk management and tax appeals. He has been working with taxation in more than 50 countries and has supported large multinational corporations around the world.

REGISTER TODAY! +65 6508 2401 [email protected] www.ibc-asia.com/shippingTAX

To talk through the many options available please call our training specialist: Miki Kong

Train the Team! Save up to 40% with our On-site Tuition

Want to send the whole team? Why not consider one of our On-site packages and save up to 40%! No matter where you are based in the region let IBC Asia bring our extensive faculty of internationally recognised trainers directly to your door. Choose from any one of our 130+ public training courses and we will ensure a customised fit for your organisation. Either sign up for an existing course, which we would be more than happy to alter to meet your needs, or take our Tailor-Made option and let us build a course perfect for ensuring the delivery of your company’s goals. (8 attendees or more)

+65 6508 2477 [email protected]

IBC Training AcademyIBC Training Academy is the Asian training division of IBC Asia, part of the Informa Group and a public listed company in the UK. Informa’s main business is in the specialist information providing for global markets. We operate in 70 countries, 150 offices worldwide with over 7000 employees. We have over 25 years experience in providing innovative, focused and high quality business information and training products designed to help you improve the way your business is managed.

A Practical Guide to TAXation in Shipping

“Relevant topics to the current times”~ Sinarmas LDA maritime Pte Ltd

“It is a good event which is targeted specific to the industry I am in”~ Cargill

“Very informative and Specific”~ Berge Bulk Singapore Pte Ltd

What Delegates Like About Our Maritime Courses

About the Course Director About the courseDr. Knut Olsen. Chartered Global Tax Advisor, Dr. K. Olsen Global Tax, Norway

Dr. K. Olsen has 36 years of experience in taxation and specialises in international taxation, Transfer Pricing, petroleum taxation, shipping taxation, global tax risk management, tax audits and tax appeals. He has been working with taxation in more than 50 countries and has supported large multinational corporations around the world.

He has been a lecturer at international tax on congresses in Washington, Beijing and Singapore, has published several articles on international tax and was a guest editor special edition international tax law in the journal OGEL. Developed ISO certification on Transfer Pricing as the first one in the world and contributed in Lexis Practical Guide to US Transfer Pricing (a world leader encyclopaedia)

Dr Olsen is a Tax Lawyer, Chartered Risk Analyst and Authorized Accountant with PhD in Characterization & Taxation of Cross-Border Pipelines (UK) and Master International Tax, Tax planning and Law (USA). He has been a tax exam chartered public accountant and tax and VAT inspector in Norway.

He is a partner in Dr. K. Olsen Global Tax in Norway, a company that was voted as a world leading tax firm in 2016 & 17 by World Tax.

Recent activity on global or international tax has been robust due to stringent regulations, complex double tax treaties and transfer pricing rules. To protect loses and balance revenue on levying taxes, ship owners, financers and charterers need to be aware of the possible implications of tax structures from one jurisdiction to another.

The 2-day interactive session is designed for all professionals who need a more detailed and thorough understanding of some complicated and practical tax issues in the shipping industry.

The course will cover current global tax issues that needs to be addressed in every shipping company, independent where they are located, and independent which flag their ships are sailing under. It will also cover topics such as global risks, opportunities, tax risk management, and use on real life examples to explain concepts.

This course examines:• Developments in shipping and international tax law – A closer

look at OECD/BEPS

• Tax and legal consequences in sailing under State’s flag

• Latest Singapore’s Shipping Tax Regime – Incentives and Exemptions

• Tax Risk Management in challenging conditions

• Transfer Pricing, Penalties and Adjustments

• Effectiveness of global planning technics

• Practical examples on tax inquiries & successful audits

• Managing tax disputes in international authorities

Explanation of Timings: These times act as a guide and may be modified slightly on the depth of class discussion and whether assessments are being conducted.Course Programme: This program is a guide and may be altered to better address participant requirements on a consensus basis.

Course Registration: 8:30amCourse Commencement: 9:00amCourse Conclusion: 5:00pm

COURSEOUTLINE


2-DAY COURSE OUTLINE

IBC Training Academy Upcoming Events!

LNG Cargo Operations, Transportation & Claims5 – 6 July 2017, Singapore

Tanker Chartering, Laytime & Demurrage26 – 28 July 2017, Singapore

Advanced STS & LNG Transfer Operations1 – 2 November 2017, Singapore

Advanced Laytime & Demurrage22 – 24 November 2017, Singapore

SHIPPING AND THE GLOBAL ECONOMY• An overview• Brexit and its impact on taxation and tax

accounting

DEVELOPMENTS IN INTERNATIONAL TAXATION• How the tax climate is changing• UN Convention on the Law of the Sea of

10 December 1982• Legal and tax consequences for sailing

under a foreign State’s flag• Looking into the crystal ball of taxation –

new challenges and risks• Multi-jurisdictional cross border

transactions

GLOBAL TAX REGIMES AND IMPACT ON SHIPPING• OECD Convention, UK & UN Treaties• CRS & CBCR• International Double Tax treaties• Tonnage tax scheme

SINGAPORE SHIPPING TAX• A brief overview over Singapore’s shipping

tax regime• Shipping tax benefits, incentives and

features: 13A, 13F and 13S under the Singapore Income Tax Act

• Tax incentives and Exemptions for flaggedships and foreign ships

• Update on IRAS Transfer PricingGuidelines

• Goods and Services Tax (GST) and otherindirect taxes

• Approved Third Party Logistics (3PL)Company Scheme

• Negotiating Contentious Tax Issues

GLOBAL RISK IN THE SHIPPING INDUSTRY• How can global risks be identified?• What are the key risks for the shipping

industry?• Which risks can be accepted?• What can be done to mitigate these risks?

BASE EROSION AND PROFIT SHIFTING (BEPS) • What is OECD BEPS and its impact on

Shipping?

• What are the potential changes ininternational tax

• Tax planning solution for shippingcompanies

• Impact in overseas jurisdiction

OECD BEPS DOCUMENTATION, MONITORING AND REPORTING • OECD reporting in the short term• How do you assess the impact of BEPS?• OECD BEPS Action Plan recommendation• Legal Consequences

WITHHOLDING TAX • Developments in global and local regimes• Withholding tax issues commonly faced by

the shipping industry• Effective strategies to mitigate and

overcome difficulties

TRANSFER PRICING IN THE SHIPPING INDUSTRY• New Transfer Pricing Rules – OECD BEPS

& EU Guidelines• World records on penalties and

adjustments• Why is it one of the highest risks in any

companies?• Best practices

TRANSFER PRICING LEGAL REQUIREMENTS AND COMPLIANCE DISCLOSURE REQUIREMENTS• Documentation guidelines• Tax Liabilities• Tax savings Opportunities

TAX RISK MANAGEMENT• The concept and importance of tax risk

management• What are the most significant tax risks for

the shipping industry?• Cumulative global risks that might cause

significant impact on a shipping company• Tax risks mitigation• The place of central management can

cause significant tax risks• ISO certification as a tool to mitigate tax (and other risks)

Case Study: Global Tax Risk Management

INTERNATIONAL TAX STRUCTURING & PLANNING• Lawful global tax planning technics• Cross-border tax structuring and planning• Boundary between legal and illegal

planning• Risk• Opportunities

INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) CONVERSIONS • Impact on tax reporting & compliance• Inventory method• Effect of effective tax rates

TAX INVESTIGATIONS AND AUDIT • Applicable global technical standards

(Singapore GAAP, US GAAP, IFRS, HGBand more

• Mitigating Risk on Audit• Information sharing and non-disclosure

issues• Audit issues and challenges of the

Shipping Industry

CIVIL AND CRIMINAL TAX DISPUTES IN SHIPPING • Civil versus criminal tax disputes in

international tax• Dispute management from the legal

dimension• Shipping dispute resolution and recovery

actions• Transfer pricing disputes• Managing tax controversy

CASE LAW UPDATE ON RECENT TAX RULINGS

PARTICIPANTS’ CORNERThis session will cover particular concerns, questions or issues the participants might have within shipping taxation, Transfer Pricing, global risk & tax risks, ISO certification etc.


FREE

Please photocopy for additional delegates

Delegate 1 DetailsName: Dr/Mr/MsJob Title:DepartmentTel:Mobile No.:Email:

Who is Head of your Department?Who is Head of Training?




Company InformationCompany Name:

Address:

Main Business/Activity:

Postal Code:

REG

NO. 2

0010

8203

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Yes! I/We Will Attend

Payment Method (Please tick:) I enclose my bankers draft / cheque payable to IBC Asia (S) Pte Ltd I am paying by bank transfer (copy attached)

Payment by Credit Card. (AMEX, VISA or MasterCard accepted)

Credit card contact: Department:Direct phone number: Email:

• Payment by bankers draft or cheque in S$ or US$ should bemade 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 #10-05Singapore 238164Attn: The Accounts Receivable Team

• Payment by bank transfer in S$ or US$ made payable to:IBC Asia (S) Pte LtdA/C No.:147-059513-001 (S$)A/C No.:260-457866-178 (US$)The Hongkong and Shanghai Banking Corporation Limited21 Collyer Quay, HSBC BuildingSingapore 049320Bank Swift Code: HSBCSGSGBank Code: 7232

• Payment by Credit Card (AMEX, VISA or MasterCard).The best way to pay by credit card is through our secure portalbuilt into the website. To pay by phone please indicate thecontact name and details below and our Customer ServicesTeam will call within 24 hours to take payment. Please do notsend credit card information by email.

Payment must be received 10 business days prior to the event. Totake advantage of discounts with an expiry date, registration andpayment must be received by the cut-off date.

PAYMENT TERMS

HOTEL INFORMATION

• Special Group Discount pricing is applicable to groups of 2 or more delegates from the same organisation registering for the same event, at the same time. Fee stated is the discounted price PER DELEGATE. Only one discount applies - either the early bird rate OR the Special Group Discount.

• All fees stated include luncheons, refreshments and complete set of documentation. It does not include the cost of accommodation and travel.• A 7% Goods & Services Tax (GST) is applicable to all Singapore based companies for Singapore venue.

DATA PROTECTION

The personal information entered during your registration/order,or provided by you, will be held on a database and may be sharedwith companies in the Informa Group in the UK and internationally.Occasionally, your details may be obtained from or shared withexternal companies who wish to communicate with you offersrelated to your business activities. If you do not wish your detailsto be used for this purpose, please contact our Database Departmentat Email: [email protected], Tel: +65 6508 2400 or Fax:+65 6508 2408.

CANCELLATIONS / SUBSTITUTIONShould you be unable to attend, a substitute delegate is welcomeat no extra charge. Cancellations must be received in writing atleast 10 business days before the start of the event, to receive arefund less 10% processing fee per registration. The companyregrets that no refund will be made available for cancellationnotifications received less than 10 business days before the event.

IMPORTANT NOTEPlease quote the name of the delegate, event title and invoicenumber on the advice when remitting payment. Bank charges areto be deducted from participating organisations own accounts.Please fax your payment details (copy of remittance advice, chequeor draft to +65 6508 2407).Attendance will only be permitted upon receipt of full payment.Participants wishing to register at the door are responsible to ensureall details are as published. IBC assumes no further liability orobligation, beyond the refund of the paid registration fee, in theevent of postponement or cancellation by IBC.

25 – 26 October 2017 | Mandarin Orchard Hotel, Singapore

5 EASY WAYS TO REGISTER

EARLY BIRD RATERegister and Pay

on or before 25 August 2017

NORMAL RATERegister and Pay

after 25 August 2017

2 Day Training Course

FEE PER DELEGATE

SGD 3,295 (SAVE SGD 200) SGD 3,495


CREDIT CARD PAYMENTSThe best way to pay by credit card is through our secure on-line registration process, simply log on to the website at www.ibc-asia.com/shippingTAX and click “Register On-line”. If you would prefer to pay over the phone please complete the contact name and details and our Customer Services Team will call within 24 hours to take payment. As we treat your credit card information in the strictest confidence, please do not send payment details by email.

[email protected]

Customer Service Hotline+65 6508 2401

Fax+65 6508 2407

Webwww.ibc-asia.com/shippingTAX

MAIL the attached registration form with your cheque toIBC Asia (S) Pte Ltdc/o Informa Regional Business Services111 Somerset Road, TripleOne Somerset #10-05, Singapore 238164


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

RESERVE YOUR PLACE TODAY!

Register 2 Delegates & the 3rd attends FREE!*Applicable to Normal Rates only

Mandarin Orchard Singapore, by Meritus333 Orchard Road, Singapore 238867Tel: +65 6831 6062 | Fax: +65 6737 3130Mobile No.: +65 8298 9442Contact Person: Tan Ai Li(Assistant Director Of Business Development, Catering Sales)Email: [email protected]: www.meritushotels.com

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informa business a practical guide to taxation in shipping · attend in a team and save more! with...

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