Name of Company:

Yello Pte Ltd

Summary:

RSM Chio Lim advised Yello on cross-border business arrangement issues that allowed Yello to achieve cost savings from tax optimisation of the Group’s tax structure. RSM Chio Lim also assisted in Yello's regional expansion into 5 countries through tax/financial advisory.


Description:

Yello Pte Ltd ("the Company") and its group of companies are in the business of providing advertising consultants, classifieds and auctions through the media of electronic commerce and Internet. As one of the fast growing companies in the media industry, the company has many subsidiaries in South East Asia which span across countries like Thailand, Malaysia, Indonesia, India and the Philippines (collectively referred to as "Yello Group") to cater to the ever growing market needs. The website of the Company is www.yelloasia.com.

Faced with problems associated with the expansion, Yello Group approached RSM Chio Lim for advice in respect of the Group's structuring to redefine the cross-border business arrangement issues such as recharges of management expenses and sale of intellectual property rights within the Yello Group, royalty fee charges for the right to use the intellectual property and related withholding tax issues in various tax jurisdictions associated with royalty income. RSM Chio Lim assisted the Group with proper planning to optimise its Group tax structure, so that it was able to reap the benefits in terms of risk management and improve the overall efficiency of the Group.