BEPS: Seeing the big strategic picture
TAXNobody thought that complying with the Base Erosion and Profit Shifting (BEPS) transfer pricing analysis and documentation demands would be easy.
Articles exploring tax issues to help you gain trust and stay ahead, enabling you to manage your tax transparently and ethically.

153 articles available
Nobody thought that complying with the Base Erosion and Profit Shifting (BEPS) transfer pricing analysis and documentation demands would be easy.
Significant changes to Singapore’s Goods and Services Tax (‘‘GST’’) system were announced by Finance Minister Heng in the recent 2018 Budget.
The Inland Revenue Authority of Singapore (“IRAS”) released its 5th edition Transfer Pricing Guidelines (“TPG”) on 23 February 2018. The revised TPG provides guidance on the implementation of the transfer pricing (“TP”) related amendments made to the Income Tax Act (“ITA”) on 26 October 2017.
Automating and optimising your supply chain can help save money and facilitate growth. So could it work for your business?
While we may not have sight of what our future relationship with the EU will look like, Grant Thornton has developed Brexit Indirect Tax Impact Analysis, to help you to understand the possible Customs Duty and VAT costs posed to your business by various Brexit scenarios.
Tax affairs used to be a largely private matter between company and tax authority, with very little public disclosure beyond what was available in the report and accounts. Today, the veil of confidentiality is being stripped away.
A recent case involving a Singapore investment bank serves as a reminder of the complexity of tax planning on cross-border transactions and interpretation of tax treaties by local tax authorities.
New technology can free up tax professionals to take on a strategically influential role and generate the analytical insights and real-time information to support this. So how can a tax function take advantage of the changes ahead?
The structure of the VAT rates in China have been simplified into three brackets.
Singapore is amongst the earliest non OECD countries to adopt and consistently implement the OECD BEPS Actions. This signing of the Multilateral Convention is a further commitment towards ensuring that profits should be attributable to the jurisdiction in which the activities occur that give rise to the profits.
As most of the Base Erosion and Profit Shifting (BEPS) Action Plan is made up of best practice recommendations rather than ‘red line’ requirements, it was always going to be applied electively and in different ways from country to country.
18 Feb 2025
Off the back of the Singapore Budget announcement by Finance Minister and Prime Minister Mr Lawrence Wong on 18 February 2025, experts from Grant Thornton Singapore share their thoughts.