Singapore Transfer Pricing Services
We partner with you in decoding the ever-evolving transfer pricing environment to mitigate transfer pricing-related tax risks.
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Our Transfer Pricing Services
Transfer Pricing determines the price of the goods, services, funds, rights, or intangible assets that are thus transferred for sale or consumption between related parties. Such price is known as the ‘arm’s length price’.
We have a team of experts to help companies with their Transfer Pricing needs. Below are the transfer pricing services we provide.
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Our experience of Rikvin has been excellent. Team Rikvin provided exceptionally professional and timely advice in the process of setting up my law practice, including handling all aspects of incorporation, accounting, tax and compliance, and HR issues.”
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Providence Law Asia LLC
We got a referral from several business partners and our experience so far has been excellent. We have consulted several incorporation service providers but none has matched the promptness and service level we received from Rikvin.”
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Simpleshow Asia Pte Ltd
Featured Transfer Pricing Guides
Frequently Asked Questions About Transfer Pricing
- In 2018, the IRAS made it mandatory for a Singapore Company to prepare Transfer Pricing Documentation. As such, a new section i.e. Section 34F was inserted in the Income Tax Act and is applicable from year of assessment 2019 and every subsequent year of assessment.
- Contemporaneous Transfer Pricing Documentation refers to documentation and information that taxpayers have relied upon to determine the pricing of a related party transaction, prior to or at the time of undertaking the transactions with related parties.The IRAS also accepts Transfer Pricing Documentation as contemporaneous when it has been prepared not later than the due date of filing of the annual tax return for the financial year in which the transactions took place.
- Transfer Pricing Documentation has to be place before the due date for filing the annual tax return.
- The arm’s-length principle of transfer pricing states that the amount charged by one related party to another for a given product must be the same as if the parties were not related. An arm’s-length price for a transaction is therefore what the price of that transaction would be on the open market.
