The Inland Revenue Authority of Singapore (IRAS) has published an updated e-Tax Guide GST: Transfer Pricing Adjustments (Second Edition). The e-Tax guide explains the GST treatment for adjustments on the transfer prices of transactions between related parties and is relevant when taxpayers have TP adjustments made to their transactions with related parties.
The latest edition of the e-Tax guide includes the following amendments:
(i) Revised paragraph 5.1 to extend the administrative conce…