Transfer pricing is mandatory in Singapore. Learn about Section 34F of the Income Tax Act and its requirements for companies from YA 2019 onwards.
Yes, it is mandatory for a Singapore Company to prepare Transfer Pricing Documentation. A new section i.e. Section 34F was inserted in the Income Tax Act and is applicable from the year of assessment 2019 and every subsequent year of assessment.
What is transfer pricing?
Is transfer pricing mandatory in Singapore?
What are the key regulations governing transfer pricing in Singapore?