The Intercompany Administrative Services Agreement is essential for corporate groups operating in Singapore seeking to formalize support service arrangements between affiliated entities. This document addresses key requirements under Singapore law, including transfer pricing regulations, GST implications, and corporate governance obligations. It's particularly relevant when centralizing administrative functions, sharing resources, or establishing service centers. The agreement helps demonstrate arm's length dealings to tax authorities while providing clear operational guidelines for service delivery and cost allocation.
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Key Requirements PROMPT example:
Intercompany Administrative Services Agreement
"I need an Intercompany Administrative Services Agreement for our Singapore subsidiary to provide HR and accounting services to our Malaysian affiliate, with transfer pricing compliance being a key concern and services to commence from March 2025."
1. Parties: Identification of service provider and recipient companies
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Services: Detailed description of administrative services to be provided
5. Service Levels: Performance standards and metrics
6. Fees and Payment Terms: Pricing methodology, payment schedule, and invoicing
7. Term and Termination: Duration and termination provisions
8. Confidentiality: Protection of confidential information
1. Personnel: Staff arrangements and responsibilities (include when services involve dedicated staff allocation)
2. Data Protection: PDPA compliance provisions for handling personal data
3. Intellectual Property: IP ownership and licenses (include when services involve creation or use of IP)
4. Business Continuity: Disaster recovery and continuity provisions for critical services
1. Service Description Schedule: Detailed breakdown of services
2. Fee Schedule: Detailed pricing and cost allocation methodology
3. Service Levels Schedule: Detailed performance metrics and KPIs
4. Transfer Pricing Documentation: Documentation supporting arm's length pricing
5. Data Processing Schedule: Details of data handling procedures if applicable
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