Transfer Pricing is one of the key tax requirements to consider when expanding your business outside Singapore. Operations in more than one country (at least two countries) is sufficient for a business to be caught up under the transfer pricing regulations.
Did you know Singapore introduced compulsory transfer pricing documentation from the year of assessment (YA) 2019? A simple solution is to comply with the transfer pricing obligations in Singapore!
There are many misconceptions and myths with regards to transfer pricing practices around the world.
Singapore introduced compulsory transfer pricing documentation effective from the year of assessment (YA) 2019. A new penalty regime was also included for non-compliance with the TP documentation requirements.
The COVID-19 crisis has provoked an unprecedented shift toward working from home (#WFH), and for businesses to implement tools and resources allowing employees to work from home and look after their customers as seamlessly as possible.