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JobKeeper Impact on Transfer Pricing for Companies
JobKeeper forms part of taxable income in the tax return. Makes sense, it is a subsidy against wages, so I am sure there are no surprises
there, but how do you assess the arm’s length financial outcomes of the entity for transfer pricing purposes?
Singapore Compulsory Transfer Pricing Documentation and Non-Compliance Penalties
Singapore introduced compulsory transfer pricing documentation effective from the year of assessment (YA) 2019. A new penalty regime was
also included for non-compliance with the TP documentation requirements.
Transfer Pricing for Commodity Entities - What type of trader is your company?
The Inland Revenue Authority of Singapore (IRAS) recognises the diversity in the commodity marketing/trading (CMT) activities undertaken by
CMT entities in Singapore and the wide-ranging values they could bring to their multinational enterprise (MNE) group.