The Inland Revenue Authority of Singapore (IRAS) updated the transfer pricing administration information on its website regarding the reporting of related-party transactions (RPTs) on 3 November 2016.
According to the new requirements a company must complete the form for reporting RPTs from the year of assessment 2018 and will submit it together with Form C if the value of the RPTs disclosed in the audited accounts for the financial year exceeds SGD 15 million.
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