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Recently,one of the big four international accounting firm Ernst &Young has conducted a survey on transfer pricing According to the survey, There is a dramatic increase in the scope of Transfer Pricing documentation required by governments with penalties imposed more frequently and at higher levels when multinationals get it wrong. Governments are constantly [...] Arm length transaction is a very hot topic in transfer pricing. This article seeks to explain what it means “ at arm length and what are some of the traditional methods to determine “ arm length” “ At Arm Length” means that a transaction performed within a company must be priced as if carried out [...] CLICK TO THE MAIN PAGE FOR ALL ARTICLES ON SHARED SERVICE CENTRE Further to my earlier article on management fee/transfer fee and the type of management services to be rendered,append below is a very comprehensive list of management services issued by our Malaysian Custom Authorities who is also in charge of the service tax: [...] If we noticed that many companies charge management fee as part of the transfer pricing strategy. So what type of services can we name so as to able to justify charging management fee? Append below are examples that you may considered to draft as management services for charging the management fee. The quantum and justification [...] a) Comparable Uncontrolled Price (CUP):- This method seeks to determine the ALP by comparing the controlled transaction with the uncontrolled transaction in relation to property transferred or services provided. This method is basically applied to concerns engaged in the manufacturing and selling of the product and hence to be applied to manufacturers. Typical transactions in [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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