Event Overview

In light of the Inland Revenue Authority of Singapore’s (IRAS) recent success in tax recovery through Transfer Pricing Audits (TPA) and the release of the 8th Edition of Transfer Pricing Guidelines on 19 November 2025, businesses must navigate an increasingly stringent tax environment. This workshop provides a practical understanding of transfer pricing principles, compliance strategies, and risk management to help organizations mitigate exposure to tax disputes. Through real-world case studies and expert insights, participants will gain actionable knowledge on implementing robust transfer pricing policies, conducting comparability analyses, and handling tax authority inquiries.  

Program Outline

1. Fundamentals of Transfer Pricing & Why It Matters

- Definition and key principles 

- IRAS’s increasing focus on TP audits and enforcement trends 

- Consequences of non-compliance: Penalties, disputes, and double taxation 

2. Transfer Pricing Methods: Selection & Application

- Traditional vs. transactional profit methods (CUP, Resale Minus, Cost Plus, TNMM, Profit Split) 

- Which method works best for different transactions (tangible goods, services, intangibles, financing) 

3. Arms Length Principle & Comparability Analysis

- Understanding the arm’s length standard in Singapore and globally

- How to conduct a defensible comparability analysis 

- Common pitfalls and challenges in benchmarking

- Safe harbour, such as low value added services, IRAS’ indicative margin and Simplified and Streamlined Approach for baseline marketing and distribution activities.

4. Managing Transfer Pricing Risks in 2026

- Latest IRAS & ASEAN TP Developments

·      Increased scrutiny on services, intangibles, supply chain restructuring, impact of tariffs and financial transactions

- Essential Documentation & Compliance

·      Beyond intercompany agreements: Master File, Local File, and Country-by Country Reporting (CbCR)

·      Documentation exemptions

·      Best Practices for maintaining contemporaneous documentation

- Advance Pricing Agreement (APAs) & Dispute Resolution

·      When to consider unilateral, bilateral, or multilateral APAs

·      Managing MAP (Mutual Agreement Procedure) cases and tax authority disputes

5. Handling TP Audits & Tax Authority Challenges

- How IRAS conducts TP audits: Red flags and Risk areas

- Case studies on recent TP disputes in Singapore and ASEAN 

- Strategies for defending TP policies and negotiating with Tax authorities

- Articulation of IRAS's Dispute Resolution & Audit Approach

6. Singapore Transfer Pricing Guidelines (8th Edition)

- Emphasis on Substance and Value Creation

- Formalization of the Simplified TP Compliance Framework

- Documentation Requirements Formalized and Enhanced

- Specific Transaction Guidance

- Articulation of IRAS's Dispute Resolution & Audit Approach

- Clearer Review Timeline

7. Emerging Issues & Future of Transfer Pricing

Key Takeaways 

- Latest regulatory updates on IRAS TP audits, OECD guidelines, and global tax reforms 

- Practical strategies for compliance, documentation, and audit defense 

- Insights on emerging risks (intangibles, financial transactions) 

- Real-world case studies on TP disputes and resolutions  

Who Should Attend?

- Tax Directors, CFOs, and Finance Leaders managing cross-border transactions 

- TP Specialists & Compliance Officers ensuring adherence to IRAS and OECD rules 

- Legal & Audit Professionals handling tax disputes and due diligence 

- Business Executives involved in intercompany pricing, supply chain, and M&A