If you operate in Singapore, you need to know that 2019 is the first year of mandatory transfer pricing documentation in that country.
SKP Business Consulting LLP
Due to proximity to key markets and depth of trading expertise in Singapore, a number of multinational groups have set up operations here to conduct commodity marketing and trading activities.
Duff and Phelps
The timelines and regulations are summarized below for reference.
On 12 January 2017, the Inland Revenue Authority of Singapore (‘IRAS') released the fourth edition of the Singapore Transfer Pricing Guidelines.
This is becoming a key priority for multinational enterprises that have their global or regional headquarters in Singapore due to the aggressive actions being taken by other tax administrations.
On 16 June 2016, Singapore announced that it will join the framework for the implementation of the BEPS Project.
The Inland Revenue Authority of Singapore published the 3rd edition of its Transfer Pricing Guidelines on the second working day of the New Year.
It gives me pleasure to present to you the summer edition of our quarterly Asia Tax Bulletin. It contains a host of changes and developments, including China's
Increasingly, transfer pricing documentation is an important focus area for both taxpayers and tax authorities.
Transfer pricing continues to be a critical issue for both tax authorities and taxpayers alike and 2015 is likely to see a continuation of the key trends that started to emerge in 2013 and 2014.