Practical, Proactive & Cost Effective advisors, always!
We are thrilled to announce that we won the Fast-Growing Firm of the Year award at the Australian Accounting Awards 2020!
The Australian Accounting Awards is regarded as the most prestigious, recognising excellence across the entire accounting industry. The awards pinpoint professional development and innovation, showcasing both the individuals and firms that are leading the way in the industry.
This year due to social restrictions, Accountants Daily showcased the Australian Accounting Awards as a live broadcast virtual experience. They did a brilliant job in creating a sense of excitement and celebration. To witness fellow award winners and also to be a winner of an award is a brilliant feeling.
Our success would not have been possible without the support of our clients and team members. We promise to keep growing while staying true to our work and professionalism.
Winning does not always mean being first. Winning means you are doing better than you have done before!
We would also like to take this opportunity to congratulate all the other winners and finalists. Take a look here for the full list of award participants.
Transfer Pricing Solutions assists clients in the planning and preparation of transfer pricing documentation, country by country (CbC) reporting, comprehensive transfer pricing policy, performing global and local benchmarking comparable searches, providing training designed for CFOs and tax teams and performing transfer pricing controversy and audits. We cater to multinational enterprises (MNEs), small & medium size enterprises (SMEs) and accounting and law firms in Asia Pacific and globally.
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.