Singapore’s Inland Revenue Authority (IRAS) on January 12 published the fourth edition of its e-Tax Guide on transfer pricing.
The new guidance includes a discussion of risk analysis and adds new provisions allowing taxpayers to optionally use an indicative margin for related party loans instead of preparing a detailed transfer pricing analysis. The new procedure can be applied to related party loans obtained or provided from January 1.
Guidance on transfer pricing documentation, the mutual agreement procedure, and advance pricing agreements has also been updated.
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