Singapore Transfer Pricing Update – 2023 IRAS’ Indicative margins for related party loan
Insights • Singapore Transfer Pricing Update – 2023 IRAS’ Indicative margins for related party loan
Insights • Singapore Transfer Pricing Update – 2023 IRAS’ Indicative margins for related party loan
below reflects the indicative margin for related party loans obtained or provided after 2022 that should be added to the new base reference rates (i.e., RFRs).
Table 1: Base reference rates for RFRs
Period | Indicative Margin |
1 Jan 2022 to 31 Dec 2022 | + 180 bps (1.80%) |
1 Jan 2023 to 31 Dec 2023 | + 230 bps (2.30%) |
The following example illustrates how Taxpayers can use the indicative interest rate for intercompany loans.
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