Sample Service Agreement
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Sample Service Agreement Between Singapore Co and Malaysia Co
Here's a sample of a formal service agreement between Singapore Co and Malaysia Co. Please remember that this is a template and should be reviewed and adapted to fit the specific circumstances and legal requirements of both Singapore and Malaysia.
SERVICE AGREEMENT
Date: April 28, 2025
BETWEEN:
[Singapore Accounting Firm Name] Pte. Ltd., a company incorporated in Singapore with its registered address at [Singapore Co's Address] (hereinafter referred to as "Singapore Co");
AND
[Malaysia BPO Company Name] Sdn. Bhd., a company incorporated in Malaysia with its registered address at [Malaysia Co's Address] (hereinafter referred to as "Malaysia Co").
(Each a "Party" and collectively the "Parties")
RECITALS:
A. Singapore Co is engaged in the business of providing accounting, tax, and advisory services in Singapore.
B. Malaysia Co is engaged in the business of providing business process outsourcing services, including accounting and tax support.
C. Singapore Co desires to engage Malaysia Co to provide certain accounting and tax support services to facilitate Singapore Co's operations and service delivery to its clients.
D. Malaysia Co has the necessary expertise and resources to provide such services to Singapore Co.
E. The Parties wish to set out the terms and conditions under which Malaysia Co will provide these services to Singapore Co.
NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter contained, the Parties hereby agree as follows:
1. DEFINITIONS
In this Agreement, unless the context otherwise requires, the following terms shall have the meanings ascribed to them below:
"Affiliate" means, with respect to a Party, any entity that directly or indirectly controls, is controlled by, or is under common control with such Party. For the purposes of this definition, "control" means the direct or indirect ownership of more than fifty percent (50%) of the voting or similar ownership interest.
"Agreement" means this Service Agreement, including all Schedules and Appendices attached hereto and as amended from time to time.
"Confidential Information" means any and all information disclosed by one Party (the "Disclosing Party") to the other Party (the "Receiving Party"), whether orally or in writing, that is designated as confidential or that reasonably should be understood to be confidential given the nature of the information and the circumstances of disclosure. Confidential Information of Singapore Co shall include, but not be limited to, client data and information.
"Effective Date" means the date first written above.
"Intellectual Property Rights" means all patents, rights to inventions, copyright and related rights, trade marks and service marks, trade names and domain names, rights in get-up, goodwill and the right to sue for passing off or unfair competition, rights in designs, rights in computer software, database rights, rights in confidential information (including know-how and trade secrets) and any other intellectual property rights, in each case whether registered or unregistered and including all applications for, and renewals or extensions of, such rights, and all similar or equivalent rights or forms of protection in any part of the world.
"Services" means the accounting and tax support services to be provided by Malaysia Co to Singapore Co as described in Schedule 1.
"Service Levels" means the standards and levels of performance for the Services as set out in Schedule 2.
"Service Fees" means the fees payable by Singapore Co to Malaysia Co for the provision of the Services, as set out in Schedule 3.
"Term" means the duration of this Agreement as set out in Clause 10.
2. SCOPE OF SERVICES
2.1 Malaysia Co shall provide the Services to Singapore Co as described in detail in Schedule 1 attached hereto. The scope of Services may be amended from time to time by mutual written agreement of the Parties.
2.2 Malaysia Co shall perform the Services in a professional and workmanlike manner, with due care and skill, and in accordance with the Service Levels set out in Schedule 2.
2.3 Singapore Co shall provide Malaysia Co with all necessary information, access, and cooperation reasonably required for Malaysia Co to perform the Services effectively.
3. SERVICE LEVELS
3.1 Malaysia Co shall use commercially reasonable efforts to meet or exceed the Service Levels set out in Schedule 2.
3.2 The Parties shall periodically review the Service Levels and may agree in writing to modify them as necessary.
3.3 In the event of any failure by Malaysia Co to meet the agreed Service Levels, the Parties shall discuss and agree on appropriate remedial actions.
4. SERVICE FEES AND PAYMENT TERMS
4.1 In consideration for the provision of the Services, Singapore Co shall pay Malaysia Co the Service Fees as set out in Schedule 3.
4.2 Unless otherwise specified in Schedule 3, all amounts payable under this Agreement are exclusive of any applicable taxes, including but not limited to Goods and Services Tax (GST) or Value Added Tax (VAT), which shall be borne by Singapore Co at the prevailing rate.
4.3 Malaysia Co shall invoice Singapore Co [e.g., monthly in arrears] for the Services provided. Each invoice shall include a detailed breakdown of the Services rendered and the corresponding fees.
4.4 Singapore Co shall pay each valid and undisputed invoice within [e.g., thirty (30) days] of the date of the invoice by way of [e.g., electronic funds transfer] to the bank account designated by Malaysia Co in the invoice.
4.5 In the event of any dispute regarding an invoice, Singapore Co shall notify Malaysia Co in writing within [e.g., fifteen (15) days] of receipt of the invoice, specifying the nature of the dispute and the disputed amount. The undisputed portion of the invoice shall be paid in accordance with Clause 4.4. The Parties shall use reasonable efforts to resolve the dispute in good faith.
5. CONFIDENTIALITY
5.1 Each Party acknowledges that it may receive Confidential Information of the other Party. The Receiving Party shall protect the Disclosing Party's Confidential Information with the same degree of care that it uses to protect its own confidential information of a similar nature, but in no event less than a reasonable degree of care.
5.2 The Receiving Party shall not disclose the Disclosing Party's Confidential Information to any third party without the Disclosing Party's prior written consent, except to its Affiliates, employees, agents, or subcontractors who have a need to know the information for the purpose of performing their obligations or exercising their rights under this Agreement and who are bound by confidentiality obligations no less restrictive than those contained herein.
5.3 The obligations of confidentiality under this Clause 5 shall survive the termination or expiry of this Agreement for a period of [e.g., three (3) years].
5.4 The obligations under this Clause 5 shall not apply to information that:
(a) is or becomes publicly known through no act or omission of the Receiving Party;
(b) was lawfully in the Receiving Party's possession without obligation of confidentiality prior to its disclosure by the Disclosing Party;
(c) is lawfully disclosed to the Receiving Party by a third party without restriction on disclosure; or
(d) is required to be disclosed by law or a valid order of a court or other governmental authority, provided that the Receiving Party shall provide the Disclosing Party with prompt written notice of such requirement to the extent legally permissible to allow the Disclosing Party to seek a protective order or other appropriate remedy.
6. INTELLECTUAL PROPERTY RIGHTS
6.1 All Intellectual Property Rights owned by Singapore Co prior to the Effective Date or created independently by Singapore Co during the Term shall remain the sole and exclusive property of Singapore Co.
6.2 All Intellectual Property Rights owned by Malaysia Co prior to the Effective Date or created independently by Malaysia Co during the Term shall remain the sole and exclusive property of Malaysia Co.
6.3 Any Intellectual Property Rights specifically created by Malaysia Co for Singapore Co as part of the Services and as explicitly agreed upon in writing shall be owned by Singapore Co upon full payment of the applicable Service Fees. Malaysia Co hereby grants and agrees to grant to Singapore Co all rights, title, and interest in and to such specifically created Intellectual Property Rights, including the right to apply for and obtain patents, copyrights, and other proprietary rights therein.
7. WARRANTIES
7.1 Malaysia Co warrants that it has the necessary skills, knowledge, qualifications, and resources to perform the Services in accordance with the terms of this Agreement and the Service Levels.
7.2 Each Party warrants that it has the full power and authority to enter into and perform its obligations under this Agreement.
7.3 EXCEPT AS EXPRESSLY PROVIDED IN THIS CLAUSE 7, NEITHER PARTY MAKES ANY WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
8. INDEMNIFICATION
8.1 Malaysia Co shall indemnify, defend, and hold harmless Singapore Co, its Affiliates, and their respective officers, directors, employees, and agents (the "Singapore Indemnified Parties") from and against any and all claims, losses, damages, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to:
(a) any breach of Malaysia Co's warranties under this Agreement;
(b) any negligent act or omission or wilful misconduct of Malaysia Co, its employees, agents, or subcontractors in the performance of the Services.
8.2 Singapore Co shall indemnify, defend, and hold harmless Malaysia Co, its Affiliates, and their respective officers, directors, employees, and agents (the "Malaysia Indemnified Parties") from and against any and all claims, losses, damages, liabilities, costs, and expenses (including reasonable attorneys' fees) arising out of or relating to:
(a) any breach of Singapore Co's warranties under this Agreement;
(b) any negligent act or omission or wilful misconduct of Singapore Co, its employees, agents, or subcontractors in connection with this Agreement.
8.3 The indemnified Party shall:
(a) promptly notify the indemnifying Party in writing of any claim;
(b) give the indemnifying Party sole control of the defense and settlement of the claim (provided that the indemnifying Party shall not settle any claim that adversely affects the indemnified Party's rights or interests without its prior written consent, such consent not to be unreasonably withheld); and
(c) provide the indemnifying Party with all reasonable assistance, at the indemnifying Party's expense, in the defense and settlement of the claim.
9. LIMITATION OF LIABILITY
9.1 TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF PROFITS, BUSINESS INTERRUPTION, LOSS OF DATA, OR LOSS OF GOODWILL) ARISING OUT OF OR RELATING TO THIS AGREEMENT, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
9.2 THE TOTAL AGGREGATE LIABILITY OF EACH PARTY TO THE OTHER PARTY UNDER OR IN CONNECTION WITH THIS AGREEMENT SHALL NOT EXCEED THE TOTAL SERVICE FEES PAID OR PAYABLE BY SINGAPORE CO TO MALAYSIA CO IN THE [e.g., TWELVE (12)] MONTHS IMMEDIATELY PRECEDING THE EVENT GIVING RISE TO THE LIABILITY.
9.3 THE LIMITATIONS OF LIABILITY IN THIS CLAUSE 9 SHALL NOT APPLY TO:
(a) LIABILITY FOR DEATH OR PERSONAL INJURY CAUSED BY A PARTY'S NEGLIGENCE; (b) LIABILITY FOR FRAUD OR FRAUDULENT MISREPRESENTATION;
(c) A PARTY'S OBLIGATIONS UNDER CLAUSE 5 (CONFIDENTIALITY) OR CLAUSE 6 (INTELLECTUAL PROPERTY RIGHTS);
(d) A PARTY'S INDEMNIFICATION OBLIGATIONS UNDER CLAUSE 8.
10. TERM AND TERMINATION
10.1 This Agreement shall commence on the Effective Date and shall continue for an initial term of [e.g., three (3) years] (the "Initial Term"), unless earlier terminated in accordance with the provisions of this Clause 10. Upon the expiry of the Initial Term, this Agreement shall automatically renew for successive periods of [e.g., one (1) year] (each a "Renewal Term"), unless either Party gives written notice to the other Party of its intention not to renew at least [e.g., ninety (90) days] prior to the end of the Initial Term or the then-current Renewal Term.
10.2 Either Party may terminate this Agreement by giving written notice to the other Party if: (a) the other Party commits a material breach of any provision of this Agreement and fails to cure such breach within [e.g., sixty (60) days] after receiving written notice of the breach;
(b) the other Party becomes insolvent, bankrupt, or is the subject of any proceedings for liquidation or winding up.
10.3 Singapore Co may terminate this Agreement at any time by giving [e.g., ninety (90) days'] written notice to Malaysia Co.
10.4 Upon termination or expiry of this Agreement for any reason:
(a) Malaysia Co shall cease to provide the Services;
(b) Singapore Co shall pay Malaysia Co all outstanding Service Fees for Services properly performed up to the date of termination or expiry;
(c) Each Party shall return or destroy (at the Disclosing Party's option) all Confidential Information of the other Party in its possession or control.
10.5 Clauses 1, 5, 6, 8, 9, 11, and 12, and any other provisions that by their nature are intended to survive termination or expiry of this Agreement, shall survive such termination or expiry.
11. GOVERNING LAW AND DISPUTE RESOLUTION
11.1 This Agreement shall be governed by and construed in accordance with the laws of Singapore, without regard to its conflict of laws principles.
11.2 Any dispute, controversy, or claim arising out of or relating to this Agreement, including any question regarding its existence, validity, or termination, shall be referred to and finally resolved by arbitration in Singapore in accordance with the Arbitration Rules of the Singapore International Arbitration Centre (SIAC) for the time being in force, which rules are deemed to be incorporated by reference in this Clause. The seat of the arbitration shall be Singapore. The language of the arbitration shall be English. The number of arbitrators shall be one (1), unless the Parties agree otherwise.
12. MISCELLANEOUS
12.1 Entire Agreement: This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications and proposals, whether oral or written.
12.2 Amendments: No amendment to or modification of this Agreement shall be effective unless made in writing and signed by duly authorized representatives of both Parties.
12.3 Assignment: Neither Party may assign or transfer its rights or obligations under this Agreement without the prior written consent of the other Party, which consent shall not be unreasonably withheld or delayed, except that either Party may assign this Agreement to its Affiliate in connection with a merger, acquisition, or sale of all or substantially all of its assets.
12.4 Notices: All notices and other communications under this Agreement shall be in writing and shall be deemed to have been duly given when delivered personally, sent by registered mail or reputable courier service (postage prepaid), or transmitted by email (with confirmation of receipt), to the addresses of the Parties set forth above or to such other address as either Party may designate by written notice to the other.
12.5 Force Majeure: Neither Party shall be liable for any failure or delay in performing its obligations under this Agreement to the extent that such failure or delay is caused by a Force Majeure Event. A "Force Majeure Event" means any event beyond the reasonable control of a Party, including, without limitation, acts of God, war, riot, fire, flood, earthquake, strike, lockout, or other industrial disturbance, failure of public utilities or transportation, or governmental restrictions. The affected Party shall promptly notify the other Party of the occurrence of a Force Majeure Event and shall use commercially reasonable efforts to mitigate the effects of such event.
12.6 Waiver: No waiver of any provision of this Agreement shall be effective unless made in writing and signed by the waiving Party. The failure of either Party to exercise or enforce any right or provision of this Agreement shall not constitute a waiver of such right or provision.
12.7 Severability: If any provision of this Agreement is held to be invalid, illegal, or unenforceable for any reason, such provision shall be severed from the remainder of this Agreement, and the other provisions shall continue in full force and effect. The Parties shall use their best efforts to negotiate in good faith a valid, legal, and enforceable substitute provision that achieves the original intent and economic effect of the severed provision to the extent possible.
12.8 Relationship of the Parties: The Parties are independent contractors, and nothing in this Agreement shall be construed to create a partnership, joint venture, agency, fiduciary, or employment relationship between them. Neither Party shall have any authority to assume or create any obligation or responsibility on behalf of the other Party.
12.9 Counterparts: This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.
SIGNED FOR AND ON BEHALF OF
[Singapore Accounting Firm Name] Pte. Ltd.
By: _______________________________
Name:
Title:
SIGNED FOR AND ON BEHALF OF
[Malaysia BPO Company Name] Sdn. Bhd.
By: _______________________________
Name:
Title:
SCHEDULE 1: DESCRIPTION OF SERVICES
Malaysia Co shall provide the following accounting and tax support services to Singapore Co in accordance with the terms and conditions of this Agreement:
1. Bookkeeping and Record-Keeping:
Scope: Processing and recording of all financial transactions of Singapore Co's clients as instructed and based on source documents provided by Singapore Co (e.g., invoices, receipts, bank statements).
Frequency: Daily and monthly tasks as outlined below:
Daily Processing: Recording of all sales invoices and receipts into the designated accounting software ([Specify Software Name, e.g., Xero, QuickBooks Online]) within one (1) business day of receipt of complete and accurate source documents from Singapore Co.
Weekly Processing: Processing of supplier invoices and payments, ensuring accurate coding to the chart of accounts provided by Singapore Co, within three (3) business days of receipt of complete and accurate documentation. Reconciliation of all petty cash accounts on a weekly basis.
Monthly Processing:
Reconciliation of all bank accounts to the bank statements received by the 5th business day of the following month. Discrepancies to be identified and reported to Singapore Co within two (2) business days of reconciliation.
Reconciliation of key balance sheet accounts (e.g., accounts receivable, accounts payable, prepayments, accruals) as per a schedule agreed upon by both Parties, to be completed by the 10th business day of the following month.
Preparation of a monthly trial balance, to be submitted to Singapore Co by the 12th business day of the following month.
Maintenance of the fixed asset register, including recording additions, disposals, and depreciation in accordance with Singapore Financial Reporting Standards (SFRS). Depreciation calculations to be reviewed by Singapore Co on a quarterly basis.
Specific Requirements:
All data entry must adhere to the chart of accounts and coding guidelines provided by Singapore Co.
Malaysia Co shall utilize the accounting software platform designated by Singapore Co ([Specify Software Name]).
Source documents will be provided by Singapore Co in [Specify Format, e.g., electronic PDF format] via [Specify Platform, e.g., shared cloud storage, email].
All queries regarding incomplete or unclear documentation will be raised with the designated contact person at Singapore Co within one (1) business day of identification.
2. Tax Compliance:
Scope: Preparation of tax computations and returns for Singapore Co's clients in accordance with Singapore tax laws and regulations.
Frequency: As required based on statutory deadlines:
Corporate Income Tax: Preparation of annual corporate income tax computations based on financial information provided by Singapore Co. Draft tax returns (Form C) to be submitted to Singapore Co for review and approval at least four (4) weeks prior to the filing deadline. Filing of the approved tax returns with the Inland Revenue Authority of Singapore (IRAS) by the statutory deadline.
Goods and Services Tax (GST): Preparation of quarterly GST returns (Form GST F5) based on sales and purchase data provided by Singapore Co. Draft GST returns to be submitted to Singapore Co for review and approval at least two (2) weeks prior to the filing deadline. Filing of the approved GST returns with IRAS by the statutory deadline.
Withholding Tax: Preparation of withholding tax computations and returns (Form IR37) as and when applicable, based on information provided by Singapore Co. Draft returns to be submitted for review one (1) week prior to the filing deadline. Filing of approved returns by the statutory deadline.
Specific Requirements:
All tax computations and returns must be prepared in accordance with the prevailing Singapore tax legislation, including the Income Tax Act and the Goods and Services Tax Act.
Malaysia Co shall utilize the tax preparation software designated by Singapore Co (if any).
Singapore Co will provide all necessary supporting documentation for tax filings in a timely manner.
Malaysia Co shall keep abreast of changes in Singapore tax laws and regulations relevant to the services provided and inform Singapore Co of any significant updates.
3. Payroll Processing:
Scope: Processing of payroll for Singapore Co's clients' employees, including salary calculation, deduction of statutory contributions (e.g., Central Provident Fund - CPF), and preparation of payroll reports and payslips.
Frequency: Monthly payroll processing to be completed [Specify Number] business days before the clients' scheduled pay date.
Specific Requirements:
Singapore Co will provide all employee-related information (e.g., salary details, CPF contributions, leave records, new hires, terminations) by the [Specify Date] of each month.
Payroll processing must comply with the CPF Act and other relevant employment legislation in Singapore.
Payslips to be generated in [Specify Format, e.g., electronic PDF format] and provided to Singapore Co for distribution to clients.
Monthly CPF submissions to be prepared and submitted online via the CPF website by the statutory deadline.
Annual income tax reporting (Form IR8A) for employees to be prepared and provided to Singapore Co by the stipulated deadline.
4. Accounts Payable and Receivable Management:
Scope: Processing of supplier invoices, managing payments, and following up on outstanding invoices from Singapore Co's clients, as instructed by Singapore Co.
Frequency:
Accounts Payable: Processing of supplier invoices within three (3) business days of receipt and ensuring timely payment based on payment terms approved by Singapore Co.
Accounts Receivable: Generating and sending out client invoices as instructed by Singapore Co. Tracking outstanding receivables and providing weekly reports on overdue amounts to the designated contact person at Singapore Co. Following up on overdue invoices as per the guidelines provided by Singapore Co.
Specific Requirements:
All payments to suppliers must be made in accordance with the payment terms approved by Singapore Co.
Aged accounts receivable reports to be prepared and submitted to Singapore Co on a weekly basis.
Communication with clients regarding overdue payments will be conducted under the direction and using templates provided by Singapore Co.
5. Preparation of Management Reports:
Scope: Generating periodic financial and management reports as required by Singapore Co.
Frequency:
Monthly Reports: Preparation of a monthly management report package including, but not limited to, Profit and Loss Statement, Balance Sheet, Cash Flow Statement, and key performance indicators (KPIs) as defined by Singapore Co, to be submitted by the [Specify Date] of the following month.
Quarterly Reports: Preparation of more detailed quarterly reports, including variance analysis against budgets (if applicable), to be submitted within [Specify Number] days after the end of each quarter.
Ad-hoc Reports: Preparation of any other reports as reasonably requested by Singapore Co with a mutually agreed upon timeline.
Specific Requirements:
Reports must be prepared in the format specified by Singapore Co ([Specify Format, e.g., Microsoft Excel, PDF]).
Data for report preparation will be extracted from the designated accounting software.
Malaysia Co will ensure the accuracy and completeness of the data presented in the reports.
How Bestar can Help
Bestar offers expertise that is crucial for businesses and individuals to navigate the complexities of the legal and financial landscape. Here's a breakdown of how we can help:
Bestar specializes in interpreting and applying the law, tax laws and regulations. We provide a wide range of services, including:
Contract Drafting and Review: We can draft, review, and negotiate various types of contracts (e.g., service agreements, employment contracts, sales agreements, leases) to protect your interests and ensure legal compliance. This is directly relevant to the service agreement.
Business Formation and Structuring: We advise on the most suitable legal structure for your business (e.g., sole proprietorship, partnership, limited liability company, corporation) and handle the necessary registration and compliance procedures.
Intellectual Property Protection: We assist in securing and protecting your intellectual property rights, such as trademarks, patents, and copyrights.
Regulatory Compliance: We advise on and ensure compliance with various laws and regulations relevant to your industry and business operations.
Mergers and Acquisitions: We provide legal guidance and manage the legal aspects of business mergers, acquisitions, and divestitures.
Employment Law: We advise on employment contracts, employee rights, and compliance with labor laws.
Corporate Governance: We advise on the legal responsibilities of directors and officers and ensure compliance with corporate governance regulations.
International Law: For businesses operating across borders, we provide expertise in international trade laws, treaties, and regulations.
Tax Planning and Strategy: We develop and implement tax-efficient strategies to minimize your tax liabilities legally and ethically, considering local and international tax laws. This is highly relevant to transfer pricing.
Tax Compliance: We prepare and file various tax returns (e.g., income tax, corporate tax, GST/VAT) accurately and on time, ensuring compliance with tax regulations and minimizing the risk of penalties.
Transfer Pricing Documentation and Planning: We prepare transfer pricing documentation to justify intercompany transactions and ensure compliance with the arm's length principle.
International Tax Advice: We navigate complex international tax issues, including double taxation treaties, withholding taxes, and the tax implications of cross-border transactions.
Tax Audits and Disputes: We represent clients during tax audits, manage communications with tax authorities, and assist in resolving tax disputes.
GST/VAT Advice: We provide guidance on the application of Goods and Services Tax (GST) or Value Added Tax (VAT) to your business transactions.
Estate and Succession Planning (from a tax perspective): We advise on minimizing estate and inheritance taxes.
Tax Incentives and Reliefs: We identify and help you claim available tax deductions, exemptions, credits, and incentives.
Staying Updated on Tax Law Changes: We keep abreast of changes in tax laws and regulations and advise you on their implications.
In the context of Singapore Co and Malaysia Co:
Bestar would be essential for drafting and reviewing the formal Service Agreement to ensure it is legally sound, enforceable in both Singapore and Malaysia (to the extent applicable), and adequately protects the interests of both parties. We would also advise on any relevant corporate law or contractual law issues.
Critical for the Transfer Pricing Documentation, Bestar advise on the applicability of the safe harbor, guiding the economic analysis, and ensuring compliance with Singapore's transfer pricing regulations. We would also advise on any cross-border tax implications of the service fees.
By engaging Bestar, Singapore Co and Malaysia Co can ensure they have a solid foundation for their intercompany relationship, are legally compliant, and are managing their tax obligations effectively and efficiently.
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