The Inland Revenue Authority of Singapore updated its webpage on COVID-19 Support Measures and Tax Guidance on 8 September 2020 to include guidance in relation to transfer pricing. The guidance is provided in a question and answer format, with examples.
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Question 1: My company has been severely affected by COVID-19. What information do I have to provide in the transfer pricing documentation to substantiate the arm’s length nature of my transfer pricing outcome?
Please include the foll…