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On 19 November 2025, the Inland Revenue Authority of Singapore (IRAS) released the Eighth Edition of its Transfer Pricing Guidelines, introducing important enhancements and clarifications to Singapore’s transfer pricing framework. The updates align Singapore’s rules more closely with international developments, including BEPS 2.0, and provide clearer guidance on areas such as related-party financial transactions, application of the arm’s length principle, annual review and do

SCTP TECHNICAL EXPERTS PANEL Should Section 15(1)(h) and Section 15(1)(m) of the Income Tax Act Prohibit Deduction of GST? This viewpoint co-authored by Gan Hwee Leng, examines whether sections 15(1)(h) and 15(1)(m) of the Singapore Income Tax Act remain appropriate in restricting income tax deductions for GST borne by GST-registered businesses. Against the backdrop of developments in the GST regime, particularly the 2012 introduction of paragraph 5(4) of the Second Schedule

Navigating mergers and acquisitions can be a complex and daunting process for any business. Whether you are a small startup or a large...

Tax season can be a stressful time for many individuals and businesses. The thought of a tax audit can send shivers down anyone's spine....

Tax audits can be daunting. The thought of having your financial records scrutinized can cause anxiety for many individuals and...