Understanding the STTR and its impact on businesses

Gain knowledge on the significance of STTR on cross-border transactions and how businesses can get prepared for STTR compliance.

Since the publication of the Subject to Tax provision and its commentary in July 2023, significant strides have been made towards its practical application. One notable milestone is the release of the multilateral convention for signature by the Organisation for Economic Co-operation and Development (OECD) Secretariat, aimed at facilitating the smooth and efficient implementation of the Subject to Tax Rule (STTR).

The STTR is a treaty-based rule that applies to intragroup payments that are subject to low nominal tax rate of below 9%. By restoring taxing rights to the source state, the STTR aims to protect the tax base of developing countries. It applies to a defined set of intragroup payments such as interest, royalties and service fees.

During this informative seminar, we will explore the implications of the multilateral convention and its role in facilitating the implementation of the STTR. Our esteemed speakers, who are well-versed in international tax law and OECD guidelines, will shed light on the significance of STTR on cross-border transactions and how businesses can get prepared for STTR compliance.

Event highlights

• Gain an understanding of the STTR and its significance in cross-border transactions.
• Interaction with other Pillar Two concepts and rules.
• Explore the key aspects of the rule, including its application in different scenarios.
• Discover strategies to ensure tax compliance and mitigate any potential risks associated with this rule.

Important note:

Please note that photographs, video and/or audio recordings (Materials) may be taken during the event. The EY member firms in Singapore may collect, use, reproduce, edit and/or share the Materials for its internal and external publications (which include magazines, newsletters and website), for publicity and marketing purposes, and/or for post-event communications with event attendees. All rights, title and interests in the Materials shall belong to EY.

Registration has closed for this webinar. For enquiries, please contact the organizer.