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Singapore Compulsory Transfer Pricing Documentation and Non-Compliance Penalties

Singapore introduced compulsory transfer pricing documentation effective from the year of assessment (YA) 2019. A new penalty regime was also included for non-compliance with the TP documentation requirements.


Transfer Pricing Solutions is finalist of ITR Asia Tax Awards 2020

We are thrilled to announce that Transfer Pricing Solutions is shortlisted for the International Tax Review Asia Tax Awards 2020 with several nominations!


Transfer Pricing for Commodity Entities - What type of trader is your company?

The Inland Revenue Authority of Singapore (IRAS) recognises the diversity in the commodity marketing/trading (CMT) activities undertaken by CMT entities in Singapore and the wide-ranging values they could bring to their multinational enterprise (MNE) group.


Transfer Pricing Solutions is winner of Australian Accounting Awards 2020

Transfer Pricing Solutions are thrilled to have won the Fast-Growing Firm of the Year award at the Australian Accounting Awards 2020! 




Final OECD Transfer Pricing Guidelines on Financial transactions, What are the key changes?

The Organisation for Economic Co-operation and Development (OECD) has released in February 2020 the final Transfer Pricing Guidance on Financial Transactions (Guidance). The Guidance provides an insight on the arm’s length treatment of various financial transactions among related parties.


Philippines’ new transfer pricing guidelines may impact you

Do you have business in the Philippines? In August 2019, the BIR issued Revenue Audit Memorandum Order No. 1-2019 (“the TP Audit Guidelines”) to introduce standardised audit procedures and techniques applicable to taxpayers with related party transactions.


The #TPSWAY of Doing Business, how can companies benefit?

Our firm has been a pioneer in using technology that allows our team of experts to work from anywhere and at any time.


The #TPS WAY of Doing Business – What can we learn from COVID 19 crisis?

COVID 19 crisis provoked an unprecedented shift toward working from home (#WFH), and business is implementing tools and resources to allow the employees to work from home and look after their customers as seamless as possible.


Transfer Pricing for Commodity Trading Entities

Do you want to know about transfer pricing for commodity traders? This article will give you an overview about transfer pricing for commodity trading companies with operations in Singapore


What can companies do to manage their Transfer Pricing Risks in time of crisis?

In light of the recent outbreak of Covid-19, which is now known as a global pandemic threat, has jeopardized businesses significantly across the globe. Businesses of various industries are expected to lose billions of revenues.   


Digital Economy and Transfer Pricing

In a digitalised era, businesses can develop an active and sustained engagement in a market jurisdiction, beyond the mere conclusion of sales, without necessarily investing in local infrastructure and operations. Hence, the allocation of taxing rights can no longer be exclusively circumscribed by reference to physical presence.


Taxpayer Alert of DEMPE Analysis Australia

Intangible properties (“IPs”) has become the main driver of business profits within Multinational Enterprises (“MNEs”) especially in the digital economy ecosystem.


Did you know that Malaysia increased penalties for taxpayers that do not prepare Transfer Pricing Documentation?

On 15 December 2019, the Malaysian Inland Revenue Board (“IRB”) issued the updated Tax Audit Frameworks including Transfer Pricing (“TP”) Audit Framework 2019. The updated tax audit frameworks take effect from 15 December 2019.


Transfer Pricing IRAS Update - Indicative margins for related party loan

Inland Revenue Authority of Singapore (“IRAS”) has introduced the indicative margins for related party loans since the past few years whereby the indicative margins are updated at the beginning of each calendar year.


Interest Deductibility Restrictions in Malaysia

The introduction of Earning Stripping Rules (“ESR”) limiting the interest deduction for financial assistance between related persons were announced in the Budget 2018.


ISCA Continuing Professional Development 2020

Equip your employees with relevant skills imparted by our team of professional trainers. 


Updates on Malaysian Transfer Pricing Guidelines

On 01 November 2018, the Inland Revenue Board of Malaysia (“IRBM”) had a dialogue session with the Chartered Tax Institute of Malaysia (“CTIM”)’s Technical Committee on the updated version (mainly from Chapters II to XI) of the Malaysian Transfer Pricing Guidelines (“TP Guidelines”)


Overview of Profit Split Method

With the recent focus on profit shifting around the world, guidance on profit split method has revised by Organisation for Economic Co-Operation and Development (“OECD”) in June 2018. OECD published the “Revised Guidance on the Application of the Transactional Profit Split Method” under Base Erosion Profit Shifting (“BEPS”) project - Action 10.

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