Singapore: Cost-plus mark-up method for routine service provider companies

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The Inland Revenue of Singapore has recently clarified its practice that allows service providers companies which provide “routine support services” to adopt the cost-plus mark-up method. The routine support services are such that service companies do not take risks or own assets and their expenses are usually operating costs. As part of the cost-plus mark-up method, the chargeable income is calculated on the basis of a 5% premium of the total expenditure without further adjustments.

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