Douglas Fone

Managing Director

Douglas Fone +65 6589 9034 douglas.fone@kroll.com

AT A GLANCE

Douglas Fone joined Kroll (formerly Duff & Phelps) in May 2017 from Quantera Global. He is a managing director in the Transfer Pricing practice based in Singapore, with extensive transfer pricing experience throughout south-east Asia and Australia. Douglas has provided transfer pricing advice to many multinational clients throughout the region, covering design of transfer pricing systems, preparation of Masterfile/local file documentation, negotiation and conclusion of unilateral/bilateral APAs, and successful management of complex transfer pricing audits.

Douglas' experience covers a wide range of industries, including construction and engineering, mining, trading, logistics, consumer electronics, automotive, BPO and shared service centers. He is a regular presenter at regional conferences and has been named as one of the world’s leading transfer pricing professionals by Legal Media Group.

Prior to joining Kroll, Douglas was managing director and co-founder of Quantera Global. Before Quantera Global, he was a director in the transfer pricing group of PricewaterhouseCoopers (PwC) in Sydney, Australia, and previously worked in the Singapore and Hong Kong offices of PwC dealing with the international tax and transfer pricing issues for multinational clients in the Asia-Pacific region.

Douglas is a UK-qualified Chartered Accountant (ICAEW) and has a Bachelor of Laws (LL.B) from King’s College London.

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New Requirements Under the Income Tax (Transfer Pricing) Rules 2023 in Malaysia

The new Income Tax (Transfer Pricing) Rules 2023 (TP Rules 2023) have been released and gazetted on May 29, 2023. The TP Rules 2023 are effective from the Year of Assessment (YA) 2023 while the Income Tax (Transfer Pricing) Rules 2012 will continue to be applicable prior to YA2023.

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