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You are here: Home / FAQs / Is there a surcharge on Transfer Pricing adjustments made by the IRAS?
FAQ : Singapore Transfer Pricing

Is there a surcharge on Transfer Pricing adjustments made by the IRAS?

The Comptroller may make adjustments to the income of the Singapore taxpayer if the arm’s length principle has not been followed. In other words, the IRAS, based on the audit of the taxpayer, may make an adjustment to the income of the taxpayer by any of the following ways:

  1. increase the amount of the income for the year of assessment;
  2. reduce the amount of the deduction that may be allowed for the year of assessment
  3. reduce the amount of the loss for the year of assessment.

A surcharge equal to 5% of the amount of the increase or reduction (as the case may be) shall be applied by the Comptroller.


Related questions?

  1. What is the threshold to prepare Transfer Pricing Documentation for a Singapore Company?
  2. What is the penalty for not preparing or retaining Transfer Pricing Documentation?
  3. Does IRAS have a preference of Transfer Pricing Method?
  4. Is Transfer Pricing Documentation Mandatory in Singapore?
InCorp GroupPrimeGlobal

Rikvin Pte Ltd

EA License No. 11C3030

36 Robinson Road,
#20-01 City House,
Singapore 068877

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