IRAS' Transfer Pricing Guidance on Centralised Activities in MNE Groups
14 April 2021
On 19 March 2021, the Inland Revenue Authority (“IRAS”) has published its transfer pricing guidance on the special topic of centralised activities of MNE Groups in Singapore (“Guidelines”). The Guidelines focus on the large number of headquarters (“HQs”) located in Singapore but clarifies that the transfer pricing guidance provided would apply to other entities involved in centralised activities as well. This tax alert summarises the key takeaways of the guidance. Download the tax alert to learn more.