We are delighted to announce that our firm Transfer Pricing Solutions Malaysia, has been shortlisted as a finalist! This time we are making our name in the International Tax Review Asia Tax Awards 2019.
Our nominations for 2019 are:
"Passion is priceless and loving what you do"
We would like to extend our appreciation to our team and all of you who believed in us. We hope to receive your continuous support in making Transfer Pricing Solutions Malaysia a success in the coming years. Thank you!
Congratulations to all other finalists! We will see you during the awards ceremony on 9 May 2019.
Read more about the announcement:
Director - Australia
Shannon Smit is the founding director of Transfer Pricing Solutions and has consulted multi-national companies on transfer pricing, taxation and accounting for over 25 years. Transfer Pricing Solutions has been recognized for their expertise, and in 2017 Shannon was thrilled to be awarded Asia Pacific Transfer Pricing Leader of the Year.
Shannon was appointed to the Australian Governments Board of Taxation’s Working Group as an Expert Panel Member for the Review of Tax
Impediments Facing Small Business and Shannon also lectures in Transfer Pricing as a part of the Melbourne University’s Law School
International Tax Program.
Director - Singapore
Adriana is the co-founder of Transfer Pricing Solutions Asia. Adriana has extensive international experience with Big Four and mid-tier firms advising multinational companies in the areas of corporate and international taxation across South America, the US, Australia and the Asia Pacific Region.
Adriana also enjoys teaching and is a regular speaker and facilitator of Transfer Pricing seminars and workshops. She is a transfer
pricing trainer for the Institute of Singapore Chartered Accountants and Singapore Institute of Accredited Tax Professionals. Adriana has
also facilitated training sessions for CFOs, tax teams of large companies and consultancies, and tax executives at the Australian Taxation
Director - Malaysia
Hong Chuan is the Global Manager of Transfer Pricing Solutions and Director of Transfer Pricing Solutions Malaysia. He has extensive transfer pricing experience across the Asia Pacific region, assisting clients with transfer pricing planning and risk management, Country-by-Country reporting statements, transfer pricing documentation, tax effective supply chain management and dealing with the Malaysian Inland Revenue Board as well as the Australian Taxation Office.
Hong Chuan loves writing and is a content writer for Institute of Singapore Chartered Accountants.
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.
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 TP documentation requirements.