The Inland Revenue Authority of Singapore (IRAS) has published the fifth edition of its transfer pricing guidelines. Changes include:

• The simplification of sections 1, 2, and 3 (introductory sections and definitions);
• The replacement of the term "treaty" used throughout the e-Tax guide with "DTA" to be consistent with IRAS e-Tax Guide on Avoidance of Double Taxation Agreements;
• New guidance on…