WTS in dialogue Singapore 23 August 2013 1pm to 5pm The Pan Pacific Hotel

Asia Tax Symposium 2013

1.30 to 5.00 PM

Practical considerations for your tax risk management The increasing aggressiveness of tax authorities in collecting taxes in many Asian countries must be countered by continuously improving tax management. Tax directors need quick updates about brand new developments in the countries they handle, which include hard facts such as new laws and regulations, but also softer developments such as mere changes in the application of existing rules and attitudes of authorities. Our experts from the region will provide an update on the tax developments in their countries. They will provide snapshots of the focus areas the tax authorities are targeting during tax audits, including:    

Permanent Establishments and Withholding Taxes Indirect Taxes and Customs Tax Treaties and Exchange of Information Transfer Pricing and Anti-Avoidance Rules

There will be opportunities during our event as well as before or after to have one-on-one discussions with a country representative.

Venue/Time The Pan Pacific Hotel, Singapore Pacific Ballroom 1, Level 1 7 Raffles Boulevard, Marina Square Singapore 039595 August 23, 2013 1:30 to 5:00 pm (Registration starts at 1.00 pm)

Speakers        

Benedicta Du Baladad, Philippines Hongxiang Ma, China Steven Luk, Singapore Tae-Yeon Nam, South Korea Till Morstadt, Thailand Udayan Choksi, India Claus Schuermann, Hong Kong

Program 1.15 pm 1.30 pm 1.50 pm 2.20 pm

Welcome and Introduction Singapore – New Changes to Objection and Appeal on Tax Assessments India – Indirect Tax and Customs Traps China – Anti-Avoidance and Latest PE Trends

2.50 pm

Coffee Break

3.20 pm 3.50 pm 4.20 pm 4.50 pm

Philippines – Transfer Pricing and Tax Audits Thailand – Tax Audit Risk Areas Korea – Tax Audit Areas of Focus and Dispute Resolution Closing Remarks

Terms / Conditions The Seminar is offered as a complimentary service.

WTS in Dialogue - Asia Tax Symposium 2013 Benedicta Du-Baladad (Philippines) is the Managing Partner of Du-Baladad & Associates (BDB Law), a member firm of WTS Alliance in the Philippines. She is an accountant and a lawyer by profession and has been practicing in the fields of taxation and corporate law for more than 25 years. Before setting up BDB Law, she was the Head of tax advisory & compliance of a leading auditing and consulting firm in the Philippines where she stayed for 8 years. She is also a former official of the Philippine tax authority where she worked for a period of 17 years holding managerial positions in various departments, such as the office of the Commissioner, the large taxpayers’ services, operations, legal and international tax. Benedicta is a tax specialist in banking, insurance, capital market, financial intermediation and other service industries. She has authored 2 books, namely: Taxation of Financial Institutions in the Philippines (2006) and Taxation of Banks and Non-Bank Financial Intermediaries (2010). She is also the Philippine correspondent of Tax Notes International and is a regular columnist in a daily business paper (the Business Mirror). Benedicta is the Chairperson of Tax Committees of various professional and business organizations in the country and is a known advocate for tax reforms – both on tax policy and tax administration.

Claus Schuermann (Hong Kong) is the Managing Partner of WTS Hong Kong. He has over 19 years of practical corporate tax experience in Germany and Asia providing tax advice to multinational companies in China and Hong Kong. He has been living and working in Hong Kong and Shanghai since 2006. Prior to his present role, he headed the European Tax Desk for a leading accounting firm in China and Hong Kong. From 2003 to 2005, he headed the German Tax Desk of an accounting firm in Singapore. He advised international clients with regard to international and local tax matters including market entry strategies and tax efficient financing. He also led projects covering the Asia-Pacific region. He is a member of the chamber of certified tax advisors (Steuerberater) in Germany and the Vice Chairman of the Finance & Taxation Working Group of the European Chamber of Commerce in Shanghai. He advises tax authorities in international tax policy matters.

Steven Luk (Singapore) is Director of WTS Singapore. He has more than 20 years of working experience in audit, tax compliance and consultancy. Before he founded WTS Consulting Singapore, he worked for one of the international accounting firms. He is actively involved in assisting his clientele in business set-up and planning, merger and acquisition issues, and resolving clients’ income tax and GST issues. He has also appeared before the Court as an expert witness for tax and accounting related issues. In addition, he has experience in solving financial and management problems for a numerous number of clients, including several listed corporations in Singapore and multinational companies.

WTS in Dialogue - Asia Tax Symposium 2013 Mr. Luk is currently a Fellow Member of the Association of Certified Chartered Accountants in the United Kingdom and a member of the Institute of Singapore Chartered Accountants. He is also a Chartered Accountant of Singapore and an Accredited Tax Advisor for Income Tax and GST, which is under the umbrella of the Singapore Institute of Accredited Tax Practitioners.

Tae-Yeon (TY) Nam (South Korea) is a tax attorney/CPA in the firm's Transfer Pricing Group, General Tax Consulting Group and Tax Audits and Disputes Resolution Group. Ms. Nam has been working as a tax attorney practicing in the firm since the transfer pricing regime was introduced to Korea in 1996. Her focus is on international taxation as well as all areas of transfer pricing: transfer pricing analysis and planning, and representing clients in tax audits and disputes, including domestic tax appeal as well as MAP. Filing and negotiations on the APA with tax authorities is also one of her key areas of expertise. Prior to joining the firm, she worked for Arthur Andersen Co., Seoul from 1992 to 1995 and one of the leading investment securities companies in Korea from 1995 to 1996. With a wide range of industry knowledge from practicing in an accounting firm and an international financing group in an investment securities company, Ms. Nam was engaged in Korea's first successful bilateral/unilateral APAs and dozens of landmark APA/MAP cases in Korea, and is leading the major APA/MAP cases pending before the tax authorities. She has successfully concluded APAs/MAPs for clients in major industries including IT, pharmaceuticals, automobiles and parts, consumer goods, fashion and boutiques, chemicals, motion pictures, finance, etc. In 2002, Ms. Nam also worked at the International Bureau of Fiscal Documentation (IBFD) in Amsterdam, as a research associate focusing on Korean transfer pricing and APAs, and has coauthored numerous transfer pricing related articles such as “Transfer Pricing in Korea, the APA experience” in the International Tax Review, 2004.

Till Morstadt (Thailand) is Partner of Lorenz & Partners and Foreign Registered Lawyer in Hong Kong and Vietnam since 2007 and 2011 respectively. After graduating, he started working for one of the world's leading audit and consulting firms. During this time period, he attended to European clients in Argentina for two years. Upon his return to Germany, he transferred into the industrial sector. After two years in the head office of a German machine manufacturer, he took over the commercial management of their Thai subsidiary. His areas of focus are tax structures for large scale projects, including transfer pricing issues, personal income tax issues for expats, etc.

WTS in Dialogue - Asia Tax Symposium 2013 Udayan Choksi (India) is the Managing Partner of VoxLaw, a WTS Alliance member firm in India, and one of the founders of the Firm. He has been working in indirect taxes since 2001, serving multinational corporations and India’s largest businesses in the areas of tax advisory, tax litigation, and transaction services. Udayan was earlier an Associate Partner at Economic Laws Practice, Advocates and Solicitors, prior to which he worked with Deloitte, during which time he had a short secondment to the UK. In addition to his CA degree, Udayan holds a BSc in Economics from Warwick University, UK and an LLB from Bombay University. Udayan takes active interest in tax policy initiatives and is a member of the indirect taxes committees of prominent professional and business chambers, and is particularly dedicated to developments in customs, trade and transfer pricing.

Hongxiang Ma (China) is the Partner and Vice Chairman of the Board of Directors in WTS China as well as the Head of the China Tax Desk at WTS Germany. She received her Master of Law from Nanjing University in China and her LL.M. from Goettingen University in Germany. Before she joined WTS as the head of the China Task Desk in 2004, she worked with a renowned German MNC in Beijing for 8 years in a tax controlling and consulting function and led the Tax Department for 5 years. As an in-house tax manager for WTS, Hongxiang has been involved in tax consulting and planning for the company as well as developing and implementing the group’s tax compliance and transfer pricing system for China. As an outside consultant, she has advised clients from a wide range of industries in all Chinese tax areas. She has extensive experience in advising clients in the areas of direct tax, indirect tax, M&A, Customs and transfer pricing as well as defending clients’ positions in tax audits or tax conflict with success. On accounts of sustained communication, Hongxiang has established and maintained good contacts with central and local tax and Customs authorities.

WTS in Dialogue - Asia Tax Symposium 2013

Please register via email to [email protected] _________________________________________________________________________________ Name _________________________________________________________________________________ Company _________________________________________________________________________________ Telephone, Fax _________________________________________________________________________________ E-Mail

For organizational questions please contact: WTS Consulting Singapore Pte. Ltd. 10 Anson Road #12-14 International Plaza Singapore 079903 www.wts-alliance.com Ms TOH Guat Ling / Ms LO Suey Khiang Tel: +65 6220 9884 • Fax: +65 6225 9890 • E-Mail: [email protected] / [email protected]