Transfer Pricing

Transfer pricing refers to the price at which goods and services are exchanged between companies under common control, i.e., entities ultimately controlled by a single parent company. For example, the price charged when a subsidiary sells goods or provides services to its holding company or sister company is called the transfer price.

IRAS requires companies with total annual turnover exceeding SGD 10 million to prepare Transfer Pricing Documentation.

Transfer Pricing Documentation must be submitted within 30 days as required by the Inland Revenue Authority of Singapore (IRAS). Companies failing to submit on time may face a fine of up to SGD 10,000.

Transfer Pricing Strategy and Policy

Assist corporate clients in formulating appropriate transfer pricing strategies and policies to ensure compliance with relevant tax requirements.

Document Preparation and Reporting

Assist clients in preparing necessary transfer pricing documents and reports, such as pricing documents and international transaction pricing reports.