Practical, Proactive & Cost Effective advisors, always!
We are thrilled to announce that we won the Fast-Growing Firm of the Year award at the Australian Accounting Awards 2020!
The Australian Accounting Awards is regarded as the most prestigious, recognising excellence across the entire accounting industry. The awards pinpoint professional development and innovation, showcasing both the individuals and firms that are leading the way in the industry.
This year due to social restrictions, Accountants Daily showcased the Australian Accounting Awards as a live broadcast virtual experience. They did a brilliant job in creating a sense of excitement and celebration. To witness fellow award winners and also to be a winner of an award is a brilliant feeling.
Our success would not have been possible without the support of our clients and team members. We promise to keep growing while staying true to our work and professionalism.
Winning does not always mean being first. Winning means you are doing better than you have done before!
We would also like to take this opportunity to congratulate all the other winners and finalists. Take a look here for the full list of award participants.
Transfer Pricing Solutions assists clients in 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. We cater to multinational enterprises (MNEs), small & medium size enterprises (SMEs) and accounting and law firms in Asia Pacific and globally.
Exploring our website to find out more about our firm and our people. Get in touch at reception@transferpricingsolutions.com.au.
In multinational enterprises, it is common for parent companies or group service companies to provide intra group services to related parties. These services are outsourced to the group service provider for business convenience and efficiency reasons.
Malaysian Taxpayers who use the 5% markup concession are still required to prepare documentation to address other fundamentals aspects of a service charge.
Transfer pricing refers to the pricing of transactions between related parties, such as sales of goods, provision of services, or financial arrangements. To ensure these transactions are conducted at arm’s length, the Inland Revenue Board of Malaysia (IRBM) requires taxpayers to prepare Transfer Pricing Documentation (TPD).
