How it works
Singapore requires contemporaneous transfer pricing documentation when gross revenue exceeds S$10 million (or documentation was required the year before) and a category of related party transactions exceeds its threshold: S$15 million for goods, S$15 million for loans, and, from YA2026, S$2 million for each other category such as services (previously S$1 million). Not preparing it is an offence with a fine up to S$10,000, and adjustments carry a 5% surcharge.
Worked example
Revenue S$12 million; related party loans S$16 million; services S$1.5 million. Documentation is required for loans only.
Questions people ask
When is documentation due?
By the tax return filing date for the year.
What changed for YA2026?
The threshold for services and other categories doubled from S$1 million to S$2 million.
If we are below thresholds, can we ignore transfer pricing?
No. Prices must still be at arm's length; only the documentation duty falls away.
Sources
Last checked 1 November 2026. General information only, not advice for your situation. Speak to a qualified adviser before you act.