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:
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.
The OECD guidance emphasised that, besides interest rates, all terms and conditions of the financing transactions (including the volume of debt) should be tested against the arm’s length principle.