Globalisation with the growth of international trade has made related party pricing a significant and challenging issue for many businesses.
With escalating documentation requirements, sizeable penalties, an aggressive approach to enforcement by the tax authorities and a focus on corporations ‘paying their fair share’ of tax; always a continuous challenges faced by companies operating in Singapore. The need to ensure compliance with reporting obligations and put in place a transfer pricing strategy which is ‘fit for purpose’ is more vital than ever before.
We provide specialist transfer pricing services to clients through our seamless network of experienced practitioners and selected alliance partners and tailor our services to respond to our clients priorities:
- Staying abreast of transfer pricing changes and risks – and knowing when to take action.
- Addressing transfer pricing compliance and issues in a cost-effectively manner, with the use of limited resources and budget.
- Minimising risk, optimising compliance and driving value in their business operations.
- Responding to multiple transfer pricing audits and investigations with tax authorities in multiple jurisdictions.