We are delighted to announce that our dearest firm, Transfer Pricing Solutions Australia and Asia, have been selected as finalists in four categories of the Asia Tax Awards 2017 organised by the International Tax Review. Fingers are crossed, we hope to continue our preceded achievements this year.
Our nominations for 2017 are:
We would also like to take this opportunity to thank you for your continuing support and to those who help make this happen. Our promise is to continue delivering excellent service.
To our team members, great work people! All of our hard work pays off, and let’s aim higher for next year!
To our fellow finalists, congratulations! We should see you in Singapore at the awards ceremony taking place on 4 May 2017.
Read more about the announcement:
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?