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26-09-2019 (Singapore)

P52296 Taxation in Shipping & Marine Industry
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Taxation in Shipping & Marine Industry

26 – 27 September 2019 | Mandarin Orchard Hotel, Singapore

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Key Learning Outcomes

  • Legislation updates in shipping tax (Singapore and regional)
  • Tax structuring and planning for global optimisation
  • Risks of permanent establishments
  • Implications of IFRS 9, 15 and 16 in shipping businesses – case studies
  • Best practices in withholding tax exemption applications for shipping industry
  • Exercises: Minimising your tax bills
  • Foreign tax exposure in cross-border transactions
  • DTA policies
  • Manage compliance effectively with better understanding of international technical audit standards
  • Practical techniques for identifying, managing, analysing, prioritizing and mitigating tax risks
  • Tax evasion, legal updates and resolutions

Who Should Attend?

Tax accountants, auditors, financial controllers, finance manager, policy & compliance managers and partners from

  • Ocean-going vessel owners and operators
  • Harbour craft, Tug and barge industry
  • Port & ship agencies
  • Tax & Auditing agencies
  • Tax law advisory services

What Attendees Like About Our Maritime Courses

“This 2-day programme covered a broad range of tax issues. Trainer is knowledgeable and offered a lot of valuable tax accounting and business restructuring advice”
– Alison Glover, Head – Finance, AET Tankers

“Practical and hands-on course, good tools and techniques provided on tax risk management”
– Gene Kwee, Partner, Mazars LLP

“A good event specifically for our industry. It summarises the upcoming tax changes impacting the sector”
– Laurent Tarrieu, Managing Director, BNP Paribas


Packages Price
2 Day TrainingSGD $3495SGD $3295Early BirdEarly Bird

Early Bird Rate: Register and Pay on or before 2 August 2019

Register 2 Delegates & the 3rd attends FREE!
Group rate is based on normal rate of 2-day training package only.
For Group Registrations, email or call +65 6508 2401


  • 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.
  • View payment terms and bank transfer details, click here »


Sally Sim (EMBA, FCCA, CA, CAP)
Principle Consultant, Asian Professional Consultancy

An international expert in the shipping industry, Sally had spent 26 years experiencing a wide range of senior management roles responsible for Financial Control, Tax Planning, Restructuring & Internal Control, as well as Risks & Crisis Management, Business Transformation and Automated Process Project Management. She has led numerous multi-cultural teams across more than 30 countries in Asia, Australia/Oceania, Middle East, Egypt and Africa.

Sally is presently the Principle Consultant at Asian Professional Consultancy (APC), specialised in Maritime & Shipping, Logistics, Healthcare, Hospitality and Automotive industries. Prior to setting up APC, she’d been Regional Deputy General Manager after 24 years at Hanjin Shipping leading the Accounts, Finance Tax for Southeast & West Asian region and most recently, Vice President of Finance for Asia Pacific at Inchcape Shipping Services where she led financial control and managed tax risk exposures.

Sally trains and consults clients from various industries on:

  • Corporate Tax and Advisory: Due diligence and health check, tax efficient corporate structures advisory, cross-border transactions, tax filing, tax planning global tax optimisation
  • Shared CFO Services: Cash flow strategies and optimisation, business strategising & positioning
  • Accounting Services
  • Business Transformation: Corporate reorganisation, Finance System review and implementation; Feasibility Assessment.
  • M&A: Structuring, evaluation and executing M&A, joint ventures, alliances and agencies, company valuation, investment appraisals, financial analyses, due diligence checks and investigation, sales & purchase contracts
  • Pricing Management & Strategies: Market Share & Financial Goals analyses, Consumer purchase behaviour intelligence, pricing analytics, pricing models development
  • Digital transformation: Business process analyses and system integration (ERP, SAP, etc), automation (AI, RPA, mobile devices transmission, image capturing, etc)
  • Business Analytics: smart optimisation of data analytics for business, HR, customers, operations & accounts/finance




Taxation structure in shipping organisation

  • Shipping industry supply chain, different purpose vessels
  • Tax structures of shipping groups
  • Operational risks in shipping, bunkering and related activities and tax implications

Relevant Legislations to Shipping Tax (Singapore)

  • Risks of permanent establishment
  • Differentiation of taxation regimes
  • The reach of taxation and deductions rights
  • Deeming provisions of the legislation
  • Concept of withholding tax and its applicability in international shipping
  • Taxation of shipping business income in Singapore
  • Related party transactions

Shipping Taxation Updates (Regional)

  • Income tax exemption
  • Withholding tax exemption ASEAN

Best Practices in Applications for Withholding Tax Exemptions and Income Tax Concessions

  • Tax incentives in Singapore for shipping
  • MSI-SRS enhancements – 2018, 2019
  • MSI AIS – Approved International Shipping Enterprise, chartering income
  • MSI-ML – Maritime Leasing Award
  • MSI -SS – Support services

Tax Accounting

  • GST in Shipping
  • Overview of IFRS 9, 15 and 16 in shipping
  • Remedial actions
  • Recommendations for reviews
  • Tonnage tax classification
  • Asset depreciation in shipping business
  • Minimising the tax bills – exercise

International taxation in shipping

  • Foreign tax exposures in cross border transactions
  • Role of tax treaties
  • Treatment of shipping income in tax treaties
  • The OECD and actions against base erosion through profit shifting
  • Preparing for the future and the changing landscape
  • Singapore DTA policy
  • Common DTA provisions
  • Tonnage tax scheme

Taxation of cross-border M&As

  • Purchase of shipping assets versus disposal gains
  • Purchase price and transfer value
  • Transfer of business as a going concern

Tax Evasion, Legal Disputes & Resolutions

  • Transfer pricing dispute resolution
  • Unauthorised bunker deliveries

Future of Shipping Carbon Tax


when & where

26 - 27 Sep 2019

Mandarin Orchard Singapore, by Meritus
333 Orchard Road, Singapore 238867
Tel: +65 6831 6062 | Fax: +65 6737 3130
Mobile No.: +65 8298 9442
Contact Person: Tan Ai Li

On-site & in-house training

Deliver this course how you want, where you want, when you want – and save up to 40%! 8+ employees seeking training on the same topic?

Talk to us about an on-site/in-house & customised solution.


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