Singapore - New Reporting Requirements for Companies with Related-Party Transactions Exceeding SGD 15 million
- J.C. See; S.Y. Lee
- International Transfer Pricing Journal, 2017 (Volume 24), No 2
- 25 January 2017
The tax authorities have announced that, with effect from year of assessment 2018, companies must complete a new Form for Reporting of Related Party Transactions for tax return purposes if the value of related-party transactions disclosed in the audited accounts for the financial year exceeds SGD 15 million.