Resumen de Singapore: Updated Transfer Pricing Guidelines Released by IRAS
Addressing Base Erosion and Profit Shifting are the main challenges facing various countries whether being OECD members or not.
Implementing or amending the transfer pricing regulation is not enough for Tax authorities to reach a reasonable level of compliance. It should be combined with the release of guidelines clarifying such rules taking into account the local economic and legal specificities and updates. Aware of such challenges, the Inland Revenue Authority of Singapore issued, on 12 January 2017, a new version of its transfer pricing guidelines in order to help taxpayers comply with the arm’s length principle.
