Transfer Pricing Guidelines for Headquarters in Singapore
Singapore is often a preferred location for setting up headquarters as the door to conduct business in Asia. The IRAS has
released its views on how Singapore HQ's should plan and implement their transfer pricing framework. Want to know more? Read our article
with our views on IRAS TP Guidelines for Singapore HQs.
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.
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). The Guidance provides an insight on the arm’s length treatment of various financial transactions among
Philippines’ new transfer pricing guidelines may impact you
Do you have business in the Philippines? In August 2019, the BIR issued Revenue Audit Memorandum Order No. 1-2019
(“the TP Audit Guidelines”) to introduce standardised audit procedures and techniques applicable to taxpayers with related party