Service Transactions under Singapore Transfer Pricing Regulations: Key Considerations for Taxpayers
Transfer Pricing Service Transactions under Singapore Transfer Pricing Regulations: Key Considerations for Taxpayers
Transfer pricing regulations by the Organisation for Economic Cooperation and Development (OECD) and Singapore have specific provisions to talk about intercompany service transactions. This article delves into what Singapore taxpayers need to know about service transactions under these regulations and highlights typical mistakes businesses may make.
My Hanh Tran
| 8 min read |
Key transfer pricing guidance on Pillar 1 - Amount B and what businesses should know
Transfer Pricing Key transfer pricing guidance on Pillar 1 - Amount B and what businesses should know
OECD has released key transfer pricing guidance on Pillar 1 - Amount B report. With the evolving global tax landscape, it is vital for business to understand these initiatives to take appropriate actions to strengthen tax governance and mitigate tax risks.
Alex Yam
Jane Quek
| 6 min read |
Property Tax in Singapore
Tax facts Property Tax in Singapore
Property tax is a tax levied on property ownership. The annual tax payable is a percentage of the annual value of the property, which is the gross amount for which the property is expected to be let out in that year.
Key changes announced for individuals
Budget 2023 Key changes announced for individuals
Following the announcement of Budget 2023, we discuss the outcomes and tax changes announced in this year’s Budget that affect individuals.
Key changes announced for businesses
Budget 2023 Key changes announced for businesses
Following the announcement of Budget 2023, we discuss the outcomes and tax changes announced in this year’s Budget that affect businesses.
Key changes announced for philanthropy, property and vehicles
Budget 2023 Key changes announced for philanthropy, property and vehicles
Following the announcement of Budget 2023, we discuss the outcomes and tax changes announced in this year’s Budget.
Transfer pricing in Singapore
Tax facts Transfer pricing in Singapore
All related party transactions should be conducted at arm's length, ie as if parties were unrelated.
Goods and Services Tax in Singapore
Tax facts Goods and Services Tax in Singapore
Goods and Services Tax (GST) is the principal indirect tax in Singapore (akin to value-added tax in other countries).
Personal income tax in Singapore
Tax facts Personal income tax in Singapore
Individuals (resident and non-resident), are only liable to income tax in respect of income accruing in or derived from Singapore. The tax year is the calendar year.
Tax facts: a quick guide to tax in Singapore
Tax facts Tax facts: a quick guide to tax in Singapore
A handy guide of Singapore Tax facts to keep you up to date of the tax rates and conditions in Singapore.
Withholding tax in Singapore
Tax facts Withholding tax in Singapore
Withholding tax is generally a final tax where the income in question is not derived from the provision of services.
Corporate income tax in Singapore
Tax facts Corporate income tax in Singapore
Under the modified territorial basis of taxation, companies in Singapore are subject to tax on income accruing in or derived from Singapore and foreign income received or deemed received in Singapore from outside Singapore.