Singapore is launching a pilot program for taxpayers to use the OECD’s simplified and streamlined approach to transfer pricing.
Taxpayers will be able to opt into the method for tax years between Jan. 1, 2026, and Dec. 31, 2028, according to the Inland Revenue Authority of Singapore’s update to its transfer pricing guidelines Wednesday.
The method, known as the SSA, is found in Amount B of Pillar One of the Organization for Economic Cooperation and Development-led global tax deal.
It offers a simplified way for companies to set an arm’s length price for qualifying baseline marketing and distribution ...