Singapore Transfer Pricing season is here!

InsightsSingapore Transfer Pricing season is here!

2022 Singapore Transfer Pricing season is here!

Recently the tax authority issued a tax assessment regarding transfer pricing to Rio Tinto’s aluminium division according to which additional taxes in an amount of $86.1 million must be paid for fiscal years 2010 – 2016.  
According to the assessment, Rio Tinto’s Australian subsidiaries did not charge an arm’s length price for the aluminium they sold to Rio Tinto’s Singapore marketing hub.

Is Rio Tinto Singapore ready to pay the additional price to is related party in Australia? Is Rio Tinto Singapore willing to accept the huge double taxation that will suffer if it pays the additional price? Are you ready to face such huge penalty? How can you avoid this from happening?

A simple solution to this would be to comply to the transfer pricing obligations in Singapore!
Did you know Singapore introduced compulsory transfer pricing documentation effective from the year of assessment (YA) 2019? A new penalty regime was also included for non-compliance with the transfer pricing documentation requirements. Here, we walk you through with the obligations required in Singapore. Be informed and make the right decisions.

How can we help?

Transfer Pricing Solutions is a boutique transfer pricing firm who works directly with your team, applying our experience and expertise in transfer pricing to provide, prepare, document and assist in defending your international related party transactions. Our purpose is to make a difference in the service we provide to our clients by being practical, proactive and cost effective.

We can assist your clients with 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. 


10 Nov '22

Transfer Pricing Implementation - Half Day Course

The theory of TP can be very different to the practical implications of implementing transactions within a multinational group, hence the importance of practical insights about TP implementation. Join our half day course in collaboration with the Malaysian Institute of Accountants.

2 Nov '22

WEBINAR: The Australian Federal Budget Special: The Multinational Tax Implications You Need to Know

What does the Federal Budget mean for transfer pricing in Australia? Join us to hear from a panel of Australian and global transfer pricing experts where we will discuss in detail the important transfer pricing impacts in Australia following the Budget.

1 Nov '22

New e-Tax Guide Singapore for Country by Country Reporting

This e-Tax Guide is relevant to any Singapore MNE group with international operations and annual group revenue of at least S$1,125 million.