(January 6, 2015) 

On January 6, 2015 the Inland Revenue Authority of Singapore (iras) published the second edition of the IRAS e-Tax Guide titled: “Transfer Pricing Guidelines”. According to the e-Tax guide, this e-Tax Guide is a consolidation of four previous e-Tax guides on:

·       Transfer pricing guidelines published on 23 February 2006;

·       Transfer pricing consultation published on 30 July 2008;

·       Supplementary administrative guidance on advance pricing arrangements published on 20 October 2008; and

·       Transfer pricing guidelines for related party loans and related party services published on 23 February 2009.

The aim of the e-Tax Guide is to provide taxpayers with guidance on transfer pricing relating to:

·       Applying the arm’s length principle when transacting with their related parties;

·       Applying the arm’s length principle for specific transactions, like related party services and loans;

·       Maintaining transfer pricing documentation; and

·       Facilities provided under tax treaties to resolve transfer pricing disputes.

Furthermore it aims to explain IRAS’ transfer pricing compliance programme and position regarding various transfer pricing matters.

The IRAS e-tax Guide Transfer Pricing Guidelines is 102 pages long.

For further information, click here to be forwarded to the e-Tax Guide as published on the website of the Inland Revenue Authority of Singapore, which will open in a new window.

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