Regional assistance on tax matters
in the ASEAN region
Fair Consulting Tax Pte. Ltd. (FCTSG) was established in 2021 as a member of Fair Consulting Tax Corporation (FCT) to provide regional tax consulting services, focusing on transfer pricing, to multinational companies. Our transfer pricing professionals assist you to solve transfer pricing matters in the ASEAN region.
Our Main Services
With FCT and Fair Consulting Group firms, FCTSG offers a range of tax consulting services to your company.
Transfer Pricing Consulting
- Transfer pricing risk assessment
- Transfer pricing benchmarking analysis
- Transfer pricing planning
- Transfer pricing policy development, implementation and operation
- Transfer pricing documentation
- Transfer pricing audit defense
- Advance Pricing Arrangement (APA)/ Mutual Agreement Procedure (MAP)
International Tax Consulting (Japanese tax perspective)
- Controlled Foreign Company Rules
- Transfer Pricing
- Corporate Restructuring
- Global Tax Management
Risks & Solutions
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- Loss-making,
low margin Loss-making or low-margin limited risk companies may be challenged by tax authorities. You need to identify special factors or review the transfer price through transfer pricing planning.
- Loss-making,
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- Royalty
payment Royalty payment for the same technology/know-how for a long period of time may be challenged by tax authorities as the value of the intangible assets may not be properly assessed. A risk assessment should be conducted and determine the needs to review the license.
- Royalty
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- End-year TP
adjustment Year-end transfer pricing adjustments may be challenged by tax authorities if the adjustments do not comply with the transfer pricing guidelines or transfer pricing documentation is not prepared. Since some countries do not allow the year-end transfer pricing adjustments, we recommend you consult with transfer pricing advisors before such adjustments.
- End-year TP
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- No Preparation/
update of transfer
pricing documentation Many countries require transfer pricing documentation by the time for the making of the tax return every year, and non-compliance can result in penalties, including surcharges. To avoid non-compliance, annual updates and major updates every three years are required.
- No Preparation/
-
- Service fee
payment Service fee payment without benefits test, appropriate fee computation and deliverables may be challenged by tax authorities. We recommend you conduct a risk assessment and review the current transfer pricing policy, if necessary.
- Service fee
-
- Loan interest,
guarantee fee
payment Loan interest/guarantee fee payment without proper evaluation of credit ratings of the borrower and the guarantor/guarantee may be challenged by tax authorities. We recommend you conduct a risk assessment and review of the current transfer pricing policy, if necessary.
- Loan interest,
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- New transactions
with related parties New transactions may result in changes in function, risk and profit allocation. Non-arm's length pricing or profit margin may be challenged by tax authorities. We recommend you set price or profit margin based on transfer pricing planning.
- New transactions
Contact Us
FAIR CONSULTING TAX PTE. LTD.
7 Temasek Boulevard #04-01A Suntec Tower One Singapore 038987
- Naoki Shimokawa
- Regional Director
-
After experiencing product localization, marketing and foreign subsidiary management, Naoki started his career in transfer pricing in one of the largest Japanese entertainment company. Naoki worked for Deloitte Japan and Singapore from 2013 to 2021 and provided transfer pricing advisory services to various clients as a transfer pricing specialist utilizing his experience in business firms.
Naoki joined Fair Consulting Tax Pte. Ltd. as a Regional Director (International Tax) in February 2021 and provides regional tax advisory services from Singapore, mainly transfer pricing, in the ASEAN region.