Transfer pricing in Singapore
Tax factsAll related party transactions should be conducted at arm's length, ie as if parties were unrelated.
Our team advises clients with regards their transfer pricing matters on an end to end basis including designing of operating structures, determination of pricing policies, assistance with statutory compliances and assisting with defence before tax authorities.
Multi-national enterprises can unlock value from a well-designed operating model. From becoming more tax-efficient to mitigating risk, experienced transfer pricing professionals can help you find commercially-viable solutions to find hidden value.
Whether it's economic or business data, we know that this information can make or break any implementation. That's why we are focused on making sure our recommendations are based on data-derived insights.
We know an operating or pricing model will look very different based on the countries the company operates in, the industry and the business model. A globally experienced team will understand how you work and recommend what's best for you.
When an international business grows or restructures, there is an opportunity to optimise your business and minimise your tax burdens by reviewing current processes.
We can help to
We use local knowledge to prepare specific documentation to satisfy tax regulations.
We can help with the preparation and maintenance of:
We assist in defending transfer pricing positions undertaken by taxpayers in audit situations as well as proactively.
We can help:
A brighter tomorrow starts with a clear eye on the horizon and compass to guide you. Which is why we match proactive insights to practical applications - all aimed at bringing you the best solutions.
Our team has experience advising multinational clients across different industries and can provide solutions that make sense for your business.
From partner to staff, each member of the team is committed to delivering quality service and ensuring that your business objectives are met.
Bringing finely tuned local knowledge together with global expertise from over 130 countries in the Grant Thornton network, we help you see the bigger picture so that you can make your next move with confidence.

A multinational technology start-up was able to drive efficiency through changing their operating model, addressing risks in their transfer pricing model, relook their long-term pricing structure.

A large technology company refined their arm’s length pricing arrangements to address operating losses. This also enabled the individual members to have a more robust transfer pricing defense in their respective jurisdiction.
All related party transactions should be conducted at arm's length, ie as if parties were unrelated.
Transfer pricing regulations by the Organisation for Economic Cooperation and Development (OECD) and Singapore have specific provisions to talk about intercompany service transactions. This article delves into what Singapore taxpayers need to know about service transactions under these regulations and highlights typical mistakes businesses may make.
The release of the 7th edition of the Singapore Transfer Pricing Guidelines on 14 June 2024 signifies a substantial advancement in the efforts of the Inland Revenue Authority of Singapore (IRAS) to enhance clarity and rigour in the Singapore transfer pricing (TP) landscape. This edition introduces both minor and major updates across nine sections of the Guidelines, reflecting an evolving and more sophisticated approach to TP analysis and compliance with the arm’s length principle.
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