IRAS e-Tax Guide on GST Transfer Pricing Adjustments

The Inland Revenue Authority of Singapore published an e-Tax Guide with the objective of clarifying the goods and services tax (“GST”) treatment for adjustments made to the transfer prices of transactions entered into between related parties. The e-Tax Guide sets out a general requirement for a corresponding GST adjustment to be made where a transfer pricing adjustment is made for income tax purposes, subject to certain exceptions. In this alert, we review the salient aspects of the e-Tax Guide.

Click this link to read.

For further inquiries regarding this alert, please contact:

Eugene Lim
Co-Founder and Principal, Taxise Asia LLC
Eugene.Lim@TaxiseAsia.com
+65 6304 7989
Irving Aw
Co-Founder and Principal, Taxise Asia LLC
Irving.Aw@TaxiseAsia.com
+65 6304 5367
Sam Sim
Co-Founder and Senior Of Counsel, Taxise Asia LLC
Sam.Sim@TaxiseAsia.com
+65 6304 7977