Transfer Pricing Solutions was recently shortlisted and won the Australian Tax Awards 2020 as a Fast Growing Firm of the Year. Shortly after, we are now shortlisted for the International Tax Review Asia Tax Awards 2020. We are thrilled!
Our nominations for 2020 are:
The ITR Asia Tax Awards recognise remarkable achievements and developments by international tax professionals from the Asia-Pacific (APAC)
region over a 12-month period. Aside from the national awards in 18 jurisdictions, there are also awards in regional, individual and
in-house categories for the best performers.
We thank everyone who has been supporting us throughout our journey. At the same time, we would like to congratulate all the other finalists that are shortlisted.
A happy client and staff is the best business strategy of all!
Director - Australia
Shannon Smit is the founding director of Transfer Pricing Solutions and has consulted multi-national companies on transfer pricing, taxation and accounting for over 25 years. Transfer Pricing Solutions has been recognized for their expertise, and in 2017 Shannon was thrilled to be awarded Asia Pacific Transfer Pricing Leader of the Year.
Shannon was appointed to the Australian Governments Board of Taxation’s Working Group as an Expert Panel Member for the Review of Tax
Impediments Facing Small Business and Shannon also lectures in Transfer Pricing as a part of the Melbourne University’s Law School
International Tax Program.
Director - Singapore
Adriana is the co-founder of Transfer Pricing Solutions Asia. Adriana has extensive international experience with Big Four and mid-tier firms advising multinational companies in the areas of corporate and international taxation across South America, the US, Australia and the Asia Pacific Region.
She is a transfer pricing trainer for the Institute of Singapore Chartered Accountants and Singapore Institute of Accredited Tax Professionals. Adriana has also facilitated training sessions for CFOs, tax teams of large companies and consultancies, and tax executives at the Australian Taxation Office.
Hong Chuan Tan
Director - Malaysia
Hong Chuan is the Global Manager of Transfer Pricing Solutions and Director of Transfer Pricing Solutions Malaysia. He has extensive transfer pricing experience across the Asia Pacific region, assisting clients with transfer pricing planning and risk management, Country-by-Country reporting statements, transfer pricing documentation, tax effective supply chain management and dealing with the Malaysian Inland Revenue Board as well as the Australian Taxation Office. Hong Chuan loves writing and is a content writer for Institute of Singapore Chartered Accountants.
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.
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?
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?