Since its first edition published in 2006, the Inland Revenue Authority of Singapore (“IRAS”) has periodically revised its transfer pricing (“TP”) guidelines to keep up with the ever-changing TP landscape and international tax developments.

On 10th August 2021, IRAS issued the sixth edition of its TP guidelines (“Sixth Edition TPG”), updating and replacing the previous version released in early 2018.

Overall, the amendments made under the Sixth Edition TPG enhanced certainty and clarity for Singapore taxpayers as they addressed various important aspects not explicitly covered in previous editions.

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