Singapore: New, updated transfer pricing guidance

New, updated transfer pricing guidance in Singapore

The Inland Revenue Authority of Singapore (IRAS) in January 2016 released the third edition of its transfer pricing guidance for Singapore taxpayers. The new guidance is an update and expansion of all transfer pricing-related guidance previously released by the IRAS.


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Compared to the previous edition, the new guidance includes expanded viewpoints of the tax authority with respect to several items—specifically concerning:

  • The administrative process leading to an advance pricing arrangement (APA)
  • The derivation of the cost base to which the cost plus mark-up is to be applied


Read a January 2016 report [PDF 243 KB] prepared by the KPMG member firm in Singapore: Transfer Pricing Developments in Singapore: New 2016 Guidance Released by IRAS

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