We are delighted to announce Shannon Smit, Lead Partner of Transfer Pricing Solutions, as the winner of Partner of the Year – Boutique Firm at the Australian Accounting Awards 2016 organised by Accountants Daily. The winners were announced at a five-star gala dinner held in Sydney on Friday 14 October with a crowd of over 400 people
The awards program covers all facets of the accounting industry in Australia, from top-level executive roles, to marketing departments, to support staff and administrative roles.
Congratulations to Shannon and the Team.
Visit the official announcement
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.