OECD’s New Guidance on Transfer Pricing Implications of COVID-19 and Other Recent Developments

The IRAS first issued its brief guidance in September 2020 with respect to how transfer pricing arrangements should be treated to reflect the commercial and financial relations of COVID 19. 

More recently, the Organisation of Economic Cooperation and Development (“OECD”) has issued its long-awaited “Guidance on the transfer pricing implications of the COVID-19 pandemic” on 18 December 2020.  How does this additional guidance impact taxpayers in Singapore? 

Our highly experienced Trainer will share practical insights on the guidance provided by the OECD and how it can be interpreted by tax payers in preparing transfer pricing documentation for FY 2020.  This workshop will also provide guidance on how the financial statements for FY 2020 should be prepared from a transfer pricing perspective.  In addition, there will also be a discussion on key transfer pricing developments that taxpayers can expect in 2021.