Transfer Pricing Considerations for Permanent Establishments and SMEs in Singapore
(i) Permanent Establishments: In Singapore, a permanent establishment (PE) of a foreign entity is treated as a separate taxable entity for tax purposes. The IRAS assesses the PE in the same manner as it would assess a standalone entity. Transactions between the PE and other parts of the same legal entity or related entities must […]
Demystifying the Arm’s Length Principle in Singapore Transfer Pricing
Introduction: The arm’s length principle is a fundamental concept in transfer pricing, ensuring that related-party transactions are conducted on terms that would be agreed upon between independent entities. In Singapore, the Inland Revenue Authority of Singapore (IRAS) explicitly endorses the arm’s length principle as the standard to guide transfer pricing policies. This article will delve […]
Demystifying Transfer Pricing Rules and Regulations in Singapore
Introduction: Transfer pricing plays a vital role in international tax planning and is a key area of focus for tax authorities around the world. In Singapore, the Inland Revenue Authority of Singapore (IRAS) is responsible for administering the country’s transfer pricing rules. This article aims to provide a comprehensive overview of the statutory rules, regulations, […]