ISCA Lunch Talk (13th Aug) - BEPS 1.0 and 2.0 – Key Transfer Pricing Implications for MNEs

Over the past decade and so, globalization, digitalization and integration of world economies have significantly increased the quantum of cross-border transactions – including the movement of goods, services, intangibles and talent. This growing integration and interaction between countries with differing tax systems has heightened the risk of profit shifting from high-cost to low-cost jurisdictions and tax base erosion, affecting governments, businesses, and individuals alike.

In response to the above, the OECD issued the Base Erosion and Profit Shifting (BEPS) 1.0 in 2013, supported by 15 Action Plans to curb tax avoidance, and ensure profits are taxed where economic activities occur. Building on this foundation, the BEPS 2.0 was introduced in 2021, structured around 2 key Pillars which aimed to stabilize the global tax framework and improve transparency. 

With this backdrop, PKF Singapore recently hosted a Lunch Talk in association with ISCA on August 13, 2025 to revisit the key principles of BEPS 1.0 and 2.0 programs, and to take a deep dive into the practical implications for multinational enterprises (MNEs), including how MNEs can navigate local and global compliance obligations, how MNEs can enhance transparency and consistency in intercompany transactions, and how they can manage increased regulatory scrutiny and audits to mitigate the risk of penalties and double taxation.