Singapore Compulsory Transfer Pricing Documentation and Non-Compliance Penalties
Singapore introduced compulsory transfer pricing documentation effective from the year of assessment (YA) 2019. A new penalty regime was
also included for non-compliance with the TP documentation requirements.
Transfer Pricing for Commodity Entities - What type of trader is your company?
The Inland Revenue Authority of Singapore (IRAS) recognises the diversity in the commodity marketing/trading (CMT) activities undertaken by
CMT entities in Singapore and the wide-ranging values they could bring to their multinational enterprise (MNE) group.
WEBINAR: Managing Transfer Pricing During COVID-19
The COVID-19 crisis has provoked an unprecedented shift toward working from home (#WFH), and for businesses to implement tools and resources
allowing employees to work from home and look after their customers as seamlessly as possible.
Final OECD Transfer Pricing Guidelines on Financial Transactions, What are the key changes?
The Organisation for Economic Co-operation and Development (OECD) has released in February 2020 the final Transfer Pricing Guidance on
Financial Transactions (Guidance). With the Guidance in place, the OECD expects to see significant progress by multinationals in updating
their existing transfer pricing policies on financial transactions to be in compliance with the Guidance.