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You are here: Home / Services / Singapore Corporate Tax Services / Singapore Transfer Pricing Services

Singapore Transfer Pricing Services

We partner with you in decoding the ever-evolving transfer pricing environment to mitigate transfer pricing-related tax risks.

Transfer Pricing Service in Singapore

Get a copy of the Transfer Pricing in Singapore Guide

Get In Touch With Our Transfer Pricing Experts

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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.

Singapore Transfer Pricing Documentation
  • Review the existing Transfer Pricing policies and the supporting Transfer Pricing Documentation being maintained by the multinational group
  • Suggest improvements to the existing Transfer Pricing policies keeping in view the local rules and regulations/ OECD Guidelines/ BEPS
  • Preparation of mandatory Transfer Pricing Documentation as per Second Schedule of Income Tax (Transfer Pricing Documentation) Rules, 2018
  • Preparation of Transfer Pricing Documentation for commodity marketing and trading entities based on the First Edition of the e-tax guide on ‘Transfer Pricing Guidelines: Special Topic – Commodity Marketing and Trading Activities’
  • Preparation of Group Master File
  • Country-by-Country Reporting (‘CbCR’)
Transfer Pricing Audit Defense
  • Preparation of comprehensive response to the audit questionnaire issued by the IRAS
  • Conduct risk profiling vis-à-vis potential outcomes
  • Continuous discussion with the key stakeholders regarding the resolution strategies
  • Meeting the Revenue Officer, if called upon to explain the facts of the case and present the Transfer Pricing positions adopted for related party pricing
  • Assist with the field visit by the Revenue Officers
  • Assist with filing the follow-up response upon field visit
  • Assist with the conclusion of audit proceedings and suggest the way forward
Transfer Pricing Advisory
  • Advising the supply chain structure that is tax-efficient and in accordance with the Transfer Pricing principles
  • Review of intercompany agreements to ensure that they are drafted in accordance with the generally accepted Transfer Pricing guidelines and supported by appropriate price-setting (arm’s length price) documentation
  • Royalty benchmarking (including benefit analysis) to determine an appropriate arm’s length return attributable to the Group entities based on DEMPE (Development, Enhancement, Maintenance, Protection, Exploitation) functions
  • Management charges documentation covering the benefits analysis and appropriate cost allocation methodology
  • Loan benchmarking to determine the arm’s length interest rate

Take control of your international operations and optimize your tax position with our transfer pricing expertise

Contact Our Transfer Pricing Experts

Client Success Stories

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.”

Providence Law Asia LLC

Abraham Vergis, Managing Director,
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.”

Simpleshow Asia Pte Ltd

Juliana Bernard-Brunel, Director,
Simpleshow Asia Pte Ltd

Featured Transfer Pricing Guides

Transfer Pricing in Singapore

Transfer Pricing in Singapore

Learn More

Transfer Pricing Rules in Singapore

Transfer Pricing Rules in Singapore

Learn More

Singapore Transfer Pricing Guidelines in Commodity Trading

Singapore Transfer Pricing Guidelines in Commodity Trading

Learn More

Frequently Asked Questions About Transfer Pricing

  • Is it mandatory to prepare Transfer Pricing Documentation for a Singapore Company from Year of Assessment 2019
  • 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.
  • What is contemporaneous Transfer Pricing Documentation?
  • 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.
  • What is the deadline to prepare Transfer Pricing Documentation?
  • Transfer Pricing Documentation has to be place before the due date for filing the annual tax return.
  • What is arm’s length principle in transfer pricing?
  • 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.
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Rikvin Pte Ltd

EA License No. 11C3030

30 Cecil Street,
#19-08 Prudential Tower,
Singapore 049712

+65 6320 1888

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