We are honored to be selected among many companies in Singapore to share our story on an interview to Adriana Calderon, Director of Transfer Pricing Solutions Asia. An excellent read about the human side of transfer pricing and why we love what we do.
http://uk-en.workunitedkingdom.regus.com/accounting-isnt-numbers-43/ Our favorite parts:
Q You also teach seminars, workshops and conferences – why’s that important to you?
A: We don’t believe that being selfish with knowledge is the way to go. We like to educate our clients. And I believe that the more education we offer people, the keener they are to work with us.
Q: What challenges has your business faced?
People can tend to think that if you’re not one of the Big Four, you have no defence against the tax authorities – and that’s actually not true. We have great relationships with the tax authorities.
Q: Do you like working in a small business?
A: Being in a small business lets you be flexible, and you don’t have the whole politics of the big corporates behind it either. You feel like you’re working with friends, almost like working with family, which allows you to have a real work-life balance.
Thank you Regus for selecting our business.
Singapore is often a preferred location for setting up headquarters as the door to conduct business in Asia. The IRAS has released its views on how Singapore HQ's should plan and implement their transfer pricing framework. Want to know more? Read our article with our views on IRAS TP Guidelines for Singapore HQs.
The Malaysian Finance Bill 2020 incorporates transfer pricing-related changes to the current Income Tax Act, 1967 (“ITA”). The changes permit significantly greater authority to the Malaysia Inland Revenue Board (“MIRB”) and re-emphasises the importance of transfer pricing compliance, with effect from 1 January 2021.
Thec Covid-19 pandemic has triggered the most severe recession and is causing enormous damage to the world economy. The economic downturn will impact a group’s transfer prices, analysis and documentation, more so with the BEPS Action Plans in place and the high level of transfer pricing scrutiny across the globe.