Tax Services
Corporate Tax Compliance
- Preparation and filing of corporate tax returns
- Filing of tax estimates to IRB
- Review of past tax returns for the purposes of determining compliance risks
- Advice on tax compliance matters
- Capital allowances review
- Assistance on tax audits
- Applications for tax refunds and tax instalment schemes
Tax Advisory
- Structuring tax efficient corporate structure or business transactions
- Maximising capital allowance claims and tax deductions
- Applications for tax incentives such pioneer status and investment tax allowance
- Structuring cross-border transactions
- Real Property Company assessment
- Reinvestment allowance study
Personal Tax Compliance
- Preparation and filing of personal tax returns
- Revision of tax estimates to IRB
- Review of past tax returns for the purposes of determining compliance risks
- Advice on tax compliance matters
- Capital allowances review
- Assistance on tax audits
- Applications for tax refunds and tax instalment schemes
Transfer Pricing
Transfer pricing (TP) is the setting of transfer prices for transactions relating to sales and purchases of goods, services, intangibles and financing provided between associated persons.
All related party transactions are required to be conducted at arm’s length prices, i.e. the prices set for transactions between associated persons should approximate the prices set between independent parties undertaking transactions under similar or comparable terms and conditions. Companies are required to prepare Transfer Pricing Documentation or TPD when they enter into business transactions with their associated persons to explain how the TP is derived and how it complies with the TP rules. The challenging part of the preparation of TPD is to ensure that the TPD prepared can withstand the challenges by the tax authorities. Our transfer pricing team offers a wide range of transfer pricing services including the preparation of the full transfer pricing documentation.
Tax Audit and Investigation
- Perform a health check to detect pitfalls or gaps and formulate solutions to manage the risk
- Preparation of capital statement
- Review of information / documents, and assess the tax risk prior to submission to the IRB
- Advise on the matters involved in handling a tax audit or investigation
- Discuss and present the justifications to the IRB on the tax position adopted
- Negotiate with the IRB to reach an amicable settlement
- Gather and evaluate critical feedback upon completion of a tax audit or investigation
- Plan for the way forward and formulate appropriate corrective action with the objective to minimize future tax liabilities
- Revise tax computations based on the tax audit adjustments