12 January 2016 Inland Revenue Authority of Singapore releases 2016 Transfer Pricing Guidelines The Inland Revenue Authority of Singapore (IRAS) released revised transfer pricing guidelines (2016 TP Guidelines) on January 4. Many of the changes from the transfer pricing guidelines (Second Edition) that were released on January 6, 2015 (2015 TP Guidelines) are cosmetic, although changes to note include enhanced guidance on the cost plus method and significant enhancements to the Mutual Agreement Procedure (MAP) and Advance Pricing Arrangement (APA) programs. The 2016 TP Guidelines remain broadly in line with the Organization for Economic Co-operation and Development (OECD) Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (OECD Guidelines). Document ID: 2016-0068 |
