On 10th August 2021, the Inland Revenue Authority of Singapore (“IRAS”) released the long awaited 6th Edition Singapore Transfer Pricing Guidelines (“6th Ed TPG”), three years after the 5th Edition, and setting out significant new content. Key highlights include new guidance on the remission of surcharge, financial transactions, low value-adding intra group services, and cost contribution arrangements. The 6th Ed TPG provides significant updates and amendments to its previous 5th Ed TPG, signaling the Singapore government taking a more serious stance in transfer pricing enforcement and one step closer in aligning with the broader global transfer pricing practices.
Your trusted BDO Singapore Transfer Pricing Team has summarised the 6 key things to know about the
6th Ed TPG in the infographic below. To learn more download the newsletter (click the download button below).
For more information:
Elis Tan
Executive Director, Transfer Pricing
+65 6529 9641
elistan@bdo.com.sg
Koh Yun Qi
Associate Director, Transfer Pricing
+65 9633 4274
yunqi@bdo.com.sg
Prerna Bathija
Senior Manager, Transfer Pricing
+65 9815 5942
prerna@bdo.com.sg
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