Key Developments to Singapore’s Transfer Pricing Framework
Following recent updates to Singapore’s transfer pricing (TP) framework and significant judicial outcomes in the region, we have consolidated the key developments and audit trends that multinational enterprises (MNEs) should be aware of. These insights cover the...
Singapore Budget 2026 – Key Tax Updates
This technical note outlines the key tax changes and, incentive scheme enhancements, and transfer pricing developments arising from Singapore’s Budget 2026. 1. Direct Tax Rates Unchanged There are no changes to the prevailing tax rates: Corporate Income Tax (CIT): 17%...
Strengthening Technology Risk Management in Professional Services
The increasing reliance on artificial intelligence, cloud computing, and digital platforms is fundamentally reshaping risk landscapes for tax and professional service firms. As these organisations handle increasingly sensitive client data, the management of...
Data Protection, Cybersecurity and AI Risks as Entities Accelerate Digital Transformation
As organisations increasingly adopt artificial intelligence (AI), cloud computing, and data-driven technologies, cybersecurity risks are evolving in both scale and complexity. Industry experts warn that while AI enables operational efficiency and innovation, it...
IRAS Defers InvoiceNow Implementation Date for GST groups and GST divisions
The Inland Revenue Authority of Singapore (IRAS) has released further clarifications regarding the mandatory onboarding of GST-registered businesses onto the InvoiceNow network, confirming that specific implementation dates for GST groups and divisions will be...
Post-Budget 2026: Shifting Global Dynamics and Implications for Business
Since the release of Budget 2026 on 12 February, the external environment has shifted materially, introducing new complexities to the macroeconomic and tax outlook. This note provides a technical summary of key developments and their potential implications for...
Key Updates and Insights on Singapore’s Transfer Pricing Regime
This technical note covers the core principles of the regime, critical documentation requirements and common pitfalls, as well as mechanisms for dispute prevention and resolution. 1. Overview of Singapore’s Transfer Pricing (TP) Regime Singapore’s TP framework is...
Enhancing Tax Compliance Efficiency Through Automation
In recent developments within the tax compliance landscape, the focus has increasingly shifted towards leveraging technology to streamline workflows and enhance productivity. Following a review of emerging tools and methodologies, we provide this technical note on the...
Summary of Major Tax and Incentive Changes following Singapore Budget 2026
This technical note outlines the key tax and incentive measures introduced under Singapore Budget 2026, themed “Securing Our Future Together in a Changed World.” The updates reflect Singapore’s continued focus on maintaining competitiveness through targeted...
Second Protocol to Singapore-Cambodia DTA Enters into Force, Introducing Principal Purpose Test
The Second Protocol amending the Agreement between Singapore and Cambodia for the Avoidance of Double Taxation (DTA) entered into force on 6 March 2026, the Ministry of Finance has confirmed . Signed on 2 November 2023, this protocol introduces critical changes that...