Transfer Pricing

As a result of the global focus on Base Erosion And Profit Shifting (BEPS), tax authorities around the world are focusing on transfer pricing reviews and audit.  The reviews and audits by tax authorities found that many businesses have insufficient support for their cross-border prices.  Without a proper transfer pricing documentation, taxpayers do not have a strong case to defend their cross-border prices when the tax authorities seek to make adjustment to the taxpayer’s transfer pricing arrangements.  In addition, under the Singapore tax law, it is now mandatory for taxpayers to prepare contemporaneous transfer pricing documentation for its related party transactions if certain conditions are met and the relevant transactions are not exempted from transfer pricing documentation under the safe harbour threshold.  We will team with you to document your company’s related party transactions and economic analysis of the transactions through benchmarking and other analysis and assist you to defend your transfer pricing position.