Cross-Border Accounting Services for Singapore

Cross-border accounting is a critical service for companies that use Singapore as a hub for their international business activities. This includes Singaporean holding companies that own subsidiaries in other countries, multinational corporations with a regional headquarters in Singapore, e-commerce businesses selling across Southeast Asia, and any company that regularly deals with multiple currencies (e.g., USD, AUD, EUR) and international supply chains.

This service becomes essential as soon as your business operations extend beyond Singapore's borders. It is mission-critical when you establish your first foreign subsidiary, begin making inter-company transactions (such as loans or management fees between related entities), or start generating significant revenue in foreign currencies. Proactive management of these cross-border issues is key to leveraging Singapore's tax advantages and avoiding costly compliance pitfalls.

Cross-border accounting is a high-value, strategic service, and the pricing reflects the deep expertise required to navigate international tax and finance. Costs are customized based on the complexity of your global structure:

• **Core International Package (e.g., multi-currency reporting, GST on exports):** Starting from S$1,200 – S$3,000 per month.
• **Advanced Holding Company Management (e.g., transfer pricing, tax treaty analysis):** S$3,000 – S$8,000+ per month.

This investment is designed to optimize your global tax position and prevent costly errors, delivering a return far greater than the fee itself.

Managing the finances of a global business from Singapore without specialist knowledge is fraught with risk:

• **Transfer Pricing Violations:** IRAS, like other tax authorities, scrutinizes transactions between related international companies. Non-arm's length pricing can lead to significant tax adjustments and penalties.
• **Double Taxation:** Without correctly applying Singapore's extensive network of over 90 tax treaties, your company's profits could be taxed twice—once in the foreign country and again in Singapore.
• **Foreign Exchange (FX) Losses:** Unhedged or poorly managed foreign currency exposure can lead to significant reported losses that can wipe out operating profits.
• **Controlled Foreign Corporation (CFC) Rules:** Both Singaporean and foreign tax authorities have rules designed to prevent companies from artificially shifting profits to low-tax jurisdictions. A poorly structured international operation can fall foul of these rules.

Outsourcing your cross-border accounting is the only practical model for most businesses. It's not feasible to hire an in-house team with expertise in the tax laws of every country you operate in. YourLegal provides a centralized team of experts who understand the intricate relationship between Singapore's tax system and those of other major economies.

We ensure your transfer pricing policies are documented and defensible, help you structure your operations to benefit from Singapore's favorable tax treaties, and manage multi-currency consolidations accurately. This strategic oversight is a core component of our Virtual CFO service, transforming your Singapore company from a simple legal entity into a powerful and tax-efficient engine for your global expansion.