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Tax facts Transfer pricing in Singapore
All related party transactions should be conducted at arm's length, ie as if parties were unrelated.
16 Jan 2023
Tax How Singapore could respond to the Pillar Two model rules for domestic implementation of 15% global minimum tax
In this article, we summarise Pillar Two model rules that were released by the Organisation for Economic Co-operation and Development (OECD) on 20 December 2021. This is a continuation of the detailed implementation plan under the two-pillar solution to address the tax challenges arising from the digitalisation of the global economy in October 2021. We discuss how the rules may impact Singapore.
6 min read | 25 Jan 2022
Webinar Webinar: Asian supply chain disruptions and transfer pricing trends
With “working from anywhere” becoming more commonplace, this two-part webinar series breaks down potential corporate and personal tax risks. From permanent establishments to where your employees need to pay tax, find out how you can mitigate the risk or limit their impact.
27 Oct 2021
Tax The OECD's detailed implementation plan and what it may mean for Singapore
The OECD/G20 Inclusive Framework announced more details in the implementation of the two-pillar solution to address the tax challenges arising from the digitalisation of the economy. In this article, we explain what's been agreed to as part of the implementation plan and how each pillar may impact Singapore.
4 min read | 25 Oct 2021
Transfer Pricing Singapore Transfer Pricing Regulations—Winds of Change
New transfer pricing guidelines have been published in Singapore, consolidating earlier guidance. Munjal Almoula of Grant Thornton Singapore looks at the amendments and updates, including a significant change which seems to indicate an increased focus by the Inland Revenue Authority on transfer pricing issues.
6 min read | 24 Aug 2021
Transfer Pricing Update on IRAS e-Tax Guide Transfer Pricing Guidelines (Sixth Edition)
On 10 August 2021, the Inland Revenue Authority of Singapore released an update to its transfer pricing e-Tax Guide. In this piece, we highlight significant changes in the updated guide and how it impacts your business.
6 min read | 12 Aug 2021
Tax OECD's two-pillar solution to address tax challenges arising from digitalisation of the economy
Find out more about the OECD’s statement on a two-pillar solution to address tax challenges arising from digitalisation of the economy
6 min read | 07 Jul 2021
Tax Tax facts 2021
A handy guide of Singapore Tax facts, to keep you up to date of the tax rates and conditions.
7 min read | 14 Jun 2021
Webinar Webinar: Demystifying Transfer Pricing
This webinar will help you understand transfer pricing concepts introduced by the IRAS whilst also explaining its impact from corporate tax, personal income tax and GST perspectives.
29 Apr 2021
Transfer Pricing Transfer Pricing and Tax Authorities—a Singapore Perspective
Munjal Almoula of Grant Thornton Singapore discusses the evolving approach of tax authorities worldwide to transfer pricing policies and audits, and considers the potential implications for the Singapore transfer pricing regime.
10 min read | 31 Mar 2021
Transfer Pricing New e-Tax Guide by IRAS - Transfer Pricing Guidelines on Centralised Activities in MNEs
The IRAS has recently issued the e-Tax Guide - Transfer Pricing Guidelines Special Topic on Centralised Activities in Multinational Enterprise Groups (MNE). The guide published on 19 March focuses on analysing the importance of the centralised activities in Singapore and providing guidance on how to analyse these activities.
23 Mar 2021
Transfer Pricing Recent Singapore’s Transfer Pricing Guidance on COVID-19
The IRAS recently issued a set of guidelines that enable tax-payers flexibility in defending their transfer pricing arrangements where their business operations / financial positions have been impacted by Covid-19.
23 Sep 2020
TAX Six key tips for transfer pricing in 2020
Even as restrictions are gradually eased, there continues to be considerable uncertainty over the risks, circumstances and comparables used to determine arm’s length transfer prices.
19 Aug 2020
Transfer Pricing Advance Pricing Arrangement – An effective dispute resolution measure?
The APA is an extremely progressive mechanism available to taxpayers to get certainty on their transfer pricing arrangements over a long-term period. The process and approach taken in Singapore are consistent with international standards, making it easy to implement and conclude with countries with whom Singapore has a DTA.
Munjal Almoula
Munjal Almoula
| 07 Jul 2020
Transfer Pricing Transfer pricing during an economic slowdown
Transfer pricing during economic slowdown
Munjal Almoula
Munjal Almoula
| 09 Apr 2020
Presentation Webinar - Transfer Pricing in APAC
Grant Thornton and LCN Legal presented a joint webinar to help you understand the transfer pricing environment in three key countries in Asia.
22 Apr 2019