The 7th Edition of the Singapore Transfer Pricing Guidelines was published on 14 June 2024. This update introduces several key changes, including: (1) Revised TPD compliance requirements (2) Stricter transfer pricing enforcement and audit focus (3) Simplified Mutual Agreement Procedure (MAP) process (4) Additional guidance in various areas To learn more: https://lnkd.in/dVrXw6Uv BDO LLP Singapore will be hosting an event soon to delve deeper into these updates. Watch this space for the announcement! #transferpricing #bdosg #7thTPG
On 14th June 2024, the Inland Revenue Authority of Singapore (IRAS) published its 7th Edition of the Singapore Transfer Pricing Guidelines, which introduced changes to the Singapore transfer pricing documentation (TPD) compliance requirements, tightened transfer pricing enforcement and audit guidance, simplified the Mutual Agreement Procedure (MAP) process and provided additional guidance in other areas. At BDO, our Transfer Pricing Team has “unpacked” the latest guidelines in a newsletter. To learn more: https://lnkd.in/dVrXw6Uv. Please reach out to Elis Tan if you have questions. Watch this space as we will be announcing our event to discuss the key highlights and insights. #transferpricing #BDOsg #askusaboutit