Transfer pricing documentation

We test whether TP documentation is required, benchmark your related party pricing, and prepare a contemporaneous local file before you file Form C.

SGD 5,000Yearly

For: Singapore companies with related party transactions whose gross revenue exceeds S$10 million, or that needed TP documentation in the previous basis period, and whose transactions exceed the category thresholds.

What we need from you

Group chart
Related parties
Related party transaction values
Thresholds
Intercompany agreements
Terms
Financials
Benchmarking
Prior year TP documentation
Update and prior-year trigger

What we discuss

Revenue above S$10 million?
Mandatory test
Which transactions exceed thresholds?
Scope
Any safe harbour options?
Simplified approaches
Prior year documentation?
Update

What we file

Threshold test
Prepare local file
Related party transactions form, if required

What you get

TP documentation
Benchmark summary

The law

Secs 34D and 34F, Income Tax Act 1947: Related party transactions at arm's length; transfer pricing documentation when thresholds are met Source
Sec 34E, Income Tax Act 1947: Surcharge of 5% on transfer pricing adjustments made by IRAS Source

Questions people ask

Online payment in SGD is not open yet. Send us a message and an adviser for Singapore confirms the scope and the fee before any work starts.

Sources

Inland Revenue Authority of Singapore (IRAS)