We are so proud to deliver you the good news! Our Malaysian office, Transfer Pricing Solutions Malaysia won the prestigious Asia Best Newcomer of the Year award at the International Tax Review (ITR) Asia Tax Awards 2019.
We had a wonderful time at the awards, and we were glad to be part of the event. Congratulations to all the winners! Click here for more details on the full list of the winners.
Transfer Pricing Solutions was shortlisted as a finalist for the following nominations:
Read more about the nominations in our blog:
We would like to address our team’s great effort that has led us to these nominations and winning. Our dedicated team bring energy, fresh
ideas and pride to their work. The diversity in our team is what keeps us thriving for more and going that extra mile in providing the most
ideal transfer pricing solutions to our clients.
"Great things in business are not done by one person. They are done by a team of people"
Transfer Pricing Solutions Malaysia assists clients in the planning and preparation of transfer pricing documentation, country by country (CbC) reporting, comprehensive transfer pricing policy; performing local benchmarking comparable searches, providing training designed for CFOs and tax teams and performing transfer pricing controversy and audits. We cater to multinational enterprises with the help of our global offices, Small & Medium size enterprises (SMEs) and accounting and law firms.
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.