Christopher has been a RIMAS Governing Council Member since 2014.
Tax Risk Chapter
The Tax Risk Chapter focuses on identifying, managing, and mitigating tax-related risks faced by businesses operating in Singapore.
It addresses key areas such as compliance with tax regulations, the effective management of tax incentives, and navigating potential risks from evolving tax policies.
Singapore’s tax landscape is influenced by both domestic legislation, such as the Income Tax Act, and international frameworks like the OECD’s Base Erosion and Profit Shifting (BEPS) initiatives. Businesses must carefully manage risks associated with cross-border activities, transfer pricing, and indirect taxes. Effective tax governance ensures organizations remain compliant while optimizing tax efficiency.
This chapter also emphasizes the importance of maintaining transparent relationships with regulatory bodies, such as the Inland Revenue Authority of Singapore (IRAS), to proactively address emerging risks. Through sound tax risk management, organizations can mitigate financial risks, safeguard reputation, and enhance long-term resilience in a dynamic regulatory environment.
Chapter's Leaders
Chairman, Tax Risk Committee
Mr. Jackson Chai
Tax Planning and Advisory, KPMG Singapore
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Jackson Chai is a professional with expertise in corporate tax, analytics, software development, and artificial intelligence. He is currently pursuing a Master’s degree in Analytics and Visualisation and has prior experience at KPMG Singapore, where he focused on tax planning, compliance, and advisory. His responsibilities included performing tax computations, developing strategic tax plans, and ensuring compliance with Singapore’s Income Tax Act while helping clients optimize tax savings.
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Jackson specializes in corporate taxes for the financial services industry, including large banks, investment firms, trusts, insurance companies, and other structured entities. He is experienced in managing Singapore tax incentives and ensuring compliance with relevant regulatory requirements.
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His technical expertise spans multiple programming languages and frameworks, including Python, R, JavaScript, and TypeScript. He has hands-on experience with React and Next.js, building scalable web applications and integrating APIs. Jackson is particularly knowledgeable in OpenAI's API framework, with an understanding of artificial intelligence best practices and strategies. He is also proficient in cloud infrastructure, including AWS and Google Cloud Console, and experienced in designing SQL and NoSQL databases according to industry standards. Additionally, he focuses on designing secure systems with an emphasis on user experience and performance optimization.
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Jackson is currently establishing a company specializing in tax technology solutions, combining his expertise in tax and software development to enhance the quality and efficiency of tax advisory services.