Companies that belong to a larger enterprise, like subsidiaries, affiliates, and other commonly controlled businesses, must comply with transfer pricing guidelines. Generally, this practice refers to how much one company’s division charges another for goods or services, extending to domestic and cross-border transactions. The importance of transfer pricing is for corporations to get tax savings. It reduces the overall tax burden of the parent organisation.
Transfer pricing is essential for every corporation to determine the cost to charge a subsidiary, holding company, or another division for services rendered or products provided. Because this is an accounting process, it makes perfect sense to entrust this task to the experts, which why it’s best to outsource this job to the best companies that offer transfer pricing services.
Note: This list is strictly not in order.
1. Max Lewis Consultants
Image Credit: Max Lewis Consultants
Max Lewis Consultants is a professional firm specialising in the fair valuation of assets, businesses, debts, equities, employee share options, complex financial instruments, and intellectual properties. It also provides the best transfer pricing services, fraud risk management, incorporation, enterprise risk, company secretarial, international tax planning, and tax advisory work. The company was established in 2007 and is an ACC-approved employer.
The company believes in partnering with clients for sustainable success by providing the best professional services. It is committed to nurturing a long-term business relationship with clients as a trusted professional adviser. Max Lewis Consultants is an Accredited Training Office of the ICAEW UK and an accredited employer for the Certified Tax Adviser program by the Taxation Institute of Hong Kong.
Website: https://www.maxlewis.com.sg/our-services/transfer-pricing/
Contact: +65 6589 8975
Location: Shaw Centre, 1 Scotts Road, #24-10, Singapore 228208
Opening Hours: Mon-Fri 9AM-6PM
2. Transfer Pricing Solutions
Image Credit: Transfer Pricing Solutions
Transfer Pricing Solutions is one of Singapore’s most trusted transfer pricing practices, with offices in other parts of the Asia Pacific region. The company has long experience assisting multinational companies in defending their international-related party transactions. It also partners with law and accounting firms to help its clients with their transfer pricing needs. Some of its clients include large organisations operating in various parts of the world, including the Asia Pacific, Australia, Europe, and the United States.
Transfer Pricing Solutions offers the best transfer pricing services, including documentation and compliance, transfer pricing planning and Base Erosion and Profit Shifting (BEPS), transfer pricing benchmarking, transfer pricing training for tax teams, transfer pricing policy preparation, transfer pricing controversy and audits, accounting and law firms, internal audit ‘tax’ transfer pricing, and cost-effective solutions for SMEs.
Website: https://www.transferpricingsolutions.global/services/transfer-pricing-documentation-and-compliance/
Contact: +65 3158 5806
Location: Asia Square Tower 1, 8 Marina View, #42-01, Singapore 018960
Opening Hours: Mon-Fri 9AM-5PM
3. Nexia TS
Image Credit: Nexia TS
Nexia TS is one of the top accounting firms in Singapore. Sitoh Yih Pin and Henry Tan established the company as managers for an international accounting firm in 1993. Based on their previous experiences, the founders realised that they could select a unique, personalised, and highly qualified accounting firm of their own.
Nexia TS has been recognized as one of the most established mid-tier local accounting firms and is an independent member of Nexia International. The company guarantees to provide clients with personalized services at competitive rates. The Institute of Chartered Accountants has accredited Nexia TS as one of the first local accounting firms in England, Wales, Australia and the Singapore Accountancy Commission.
Website: https://www.nexiats.com.sg/tax/transfer-pricing-services/
Contact: +65 6534 5700
Location: 80 Robinson Road, #25-00, Singapore 068898
Opening Hours: Mon-Fri 8.30AM-5.30PM
4. EY
Image Credit: EY
EY is one of the most recommended companies offering Singapore’s best transfer pricing services. The company’s goal is to build a better working world through the quality of the services they provide. EY has over 300,000 people, helping the company provide value-for-money services. Furthermore, it aids digital pioneers in preventing data piracy, unlocking new medical treatments through data analytics, assisting governments in facing cash-flow crises, and pursuing high-quality audits to foster trusting relationships with their clients.
EY is one of the trust providers of Singapore’s best transfer pricing services. Aside from that, it has four integrated service lines, including tax, strategy and transactions, consulting, and assurance. The company is also committed to helping businesses capitalise on new opportunities and manage risk.
Website: https://www.ey.com/en_sg/tax/transfer-pricing-compliance-documentation
Contact: +65 6535 7777
Location:
Level 18 North Tower, One Raffles Quay, Singapore 048583
77 Robinson Road, Level 32, Singapore 068896
Keppel Digihub, 25 Serangoon North Avenue 5, #06-01A, Singapore 554914
Opening Hours: Mon-Fri 8.30AM-6PM
5. Acclime
Image Credit: Acclime
Acclime is one of the premier providers of professional services in Singapore, including transfer pricing, accounting, formation, tax advisory, and tax. It is committed to providing high-quality outsourcing and consulting services to international clients nationwide. It is part of the Acclime Group, a specialist in corporate services with a presence all over Asia’s hard-to-navigate markets. It is also passionate about helping its corporate clients manage local administrative and government compliance issues as efficiently as possible.
Acclime aims to become the region’s premier corporate services firm that sets the bar high on corporate governance. The company is active in the Asian market, offering the same high standards and responsiveness in Singapore and Hong Kong. Aside from that, it guarantees a seamless regional service, hands-on attention, and speed and flexibility.
Website: https://singapore.acclime.com/guides/transfer-pricing/
Contact: +65 6372 8778
Location: Hong Leong Building, 16 Raffles Quay, #16-02, Singapore 048581
Opening Hours: Mon-Fri 9AM-6PM
6. Singapore Company Incorporation
Image Credit: Singapore Company Incorporation
Singapore Company Incorporation is a leading company offering company registration services in Singapore. It is a leading force in the field with a wide range of services, including accounting and taxation, transfer pricing services, work visas and relocation, company secretary, business licenses, and trademark registration. As a company registration specialist, this company can also provide a local registered address and a local director. It can also aid clients in incorporating their companies as quickly as possible.
Singapore Company Incorporation can help clients register their companies or subsidiaries in Singapore. It can also assist in processing work visas, entrepreneur passes, personalised Eps, and permanent residency. The company can also help clients check their desired company names and personal income, and corporate tax calculations.
Website: https://www.singaporecompanyincorporation.sg/faqs/transfer-pricing/
Contact: +65 6320 1888
Location: Prudential Tower, 30 Cecil Street, Singapore 049712
Opening Hours: Mon-Fri 9AM-6PM
7. KPMG Services
Image Credit: KPMG Services
KPMG Services is a global organisation of independent professional services firms offering audit, tax, and advisory services. It was formed in 1987 by Peat Marwick International and Klynveld Main Goerdeler. It operates in 144 countries and territories with over 236,000 partners and employees worldwide. Each KPMG member company is a separate and legally distinct entity that is responsible for its liabilities and obligations.
KPMG Services provides the best transfer pricing services. It also offers audit, tax, advisory, and enterprise services, as well as management consulting, risk consulting, deal advisory, cyber services, digital and innovation, sustainability services, and forensics. It has professionals with a deep industry experience across various key sectors, ensuring that it has a clear understanding of its client’s needs and is able to respond with the best advice. The industries it serves include financial services, infrastructure, government, healthcare, energy and natural resources, real estate, and consumer markets.
Website: https://home.kpmg/sg/en/home/services/tax/global-transfer-pricing-services.html
Contact: +65 6213 3388
Location: Hong Leong Building, 16 Raffles Quay, #22-00, Singapore 048581
Opening Hours: Mon-Fri 8.30AM-5.30PM
Conclusion
To lower their tax bills, multinational corporations can legally use transfer pricing to allocate earnings among their affiliates, subsidiaries, and other divisions. However, transfer pricing reporting follows strict guidelines closely watched by tax authorities and must be done correctly and appropriately. Because of this, you need to seek professional help from companies that offer transfer pricing services like the ones listed above.
