Singapore: Updated transfer pricing guidelines released

Singapore: Updated transfer pricing guidelines released

The Inland Revenue Authority of Singapore in January 2017 released new transfer pricing guidance.

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The new guidance—e-Tax Guide – Transfer Pricing Guidelines 4th Edition—expands upon guidance released by the tax administration over the past two years. The new guidance includes detailed information about transfer pricing concepts and methods, as well as sections on the mutual agreement procedure (MAP) and advance pricing arrangements (APAs). 

Transfer pricing requirements, such as the need for contemporaneous documentation to be completed by the taxpayer’s return filing due date, remain unchanged.

 

Read a January 2017 report [PDF 249 KB] prepared by the KPMG member firm in Singapore: New Transfer Pricing Guidelines

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