IRAS seeks public feedback on transfer pricing documentation from 1 to 24 September 2014

5 September 2014

IRAS is seeking public consultation on the proposed update of section 4 of the e-Tax guide on “Transfer Pricing Guidelines” ( published on 23 February) to provide more comprehensive guidance on transfer pricing documentation.

The consultation paper, available on the IRAS website, sets out the revised guidance on transfer pricing documentation in the areas of:

  • Objectives of preparing TP documentation
  • Contemporaneous TP documentation
  • Types of TP documentation
  • Extent of TP documentation
  • Compliance matters relating to TP documentation

Closing date for submissions is 24 September 2014.

Source: Inland Revenue Authority of Singapore (IRAS)