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JobKeeper Impact on Transfer Pricing for Companies

JobKeeper forms part of taxable income in the tax return. Makes sense, it is a subsidy against wages, so I am sure there are no surprises there, but how do you assess the arm’s length financial outcomes of the entity for transfer pricing purposes?


JobKeeper Payments - Impact on Your Clients' Transfer Pricing

The ATO expect that Australian entities will retain the benefit of the JobKeeper payment they receive. So how do you treat the JobKeeper payments for transfer pricing purposes?


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.


New Transfer Pricing Regime in Hong Kong

On 13 July 2018, Hong Kong’s new transfer pricing regime was enacted through the Inland Revenue (Amendment) (No. 6) Ordinance 2018 (“Amendment Ordinance”). This new law codifies transfer pricing rules in Hong Kong and is largely consistent with the OECD transfer pricing guidelines.


TP Minds Asia 2019, Singapore, 25 - 26 September 2019

The TP Minds Asia is a leading independent #transferpricing forum in Asia Pacific region which is held in Singapore from 25 to 26 September 2019.


TPMinds Asia, Singapore, 24-26 September 2019

This year, TP Minds will be held for three days from 24-26 September 2019 in the Novotel Singapore Clarke Quay. The agenda is packed with a number of hot #transferpricing topics that will be discussed by key TP leaders. 


Do you have operations in Thailand? Thailand’s new transfer pricing legislation may impact you!

On 16 May 2002, the Revenue Department introduced its transfer pricing guidelines in the form of Departmental Instruction (“DI”) No. Paw. 113/2545. The purpose of  the transfer pricing guidelines is to assist taxpayers in setting arm’s-length prices for their transactions with related parties while providing direction to revenue officers in reviewing whether taxpayers’ related party transactions are in compliance with the arm’s-length principle.

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