On 14th June 2024, the Inland Revenue Authority of Singapore published its 7th Edition of the Singapore Transfer Pricing Guidelines, which introduced changes to the Singapore transfer pricing documentation (TPD) compliance requirements, tightened transfer pricing enforcement and audit guidance, simplified the Mutual Agreement Procedure (MAP) process and provided additional guidance in other areas.
We have prepared a tax alert “unpacking” the key updates introduced in the newest guidelines and insights on what it means for the Singapore taxpayers.
Download the tax alert to learn more.
(Note: This tax alert is available now in English & Mandarin)