Presenting our FAQ document which delves into the essential aspects of the updated Seventh Edition of the Singapore Transfer Pricing Regulations, issued by the IRAS. This FAQ guide is designed to help multinational enterprises navigate the intricate transfer pricing (TP) landscape in Singapore. It covers essential aspects such as the evolution of TP regulations, mandatory documentation requirements, compliance thresholds, and the penalties for non-compliance.
The FAQs provide clear insights on critical updates, including enhanced safe harbour provisions, stricter penalties, and expanded documentation requirements, ensuring alignment with OECD’s BEPS initiatives.
This document also offers guidance with respect to intra-group financial transactions, cost-contribution arrangements, and transfer pricing audits, thereby ensuring compliance and minimizing risks.