The Inland Revenue Authority of Singapore (IRAS) updated its Transfer Pricing guidance on 2 January 2024, including the indicative margin for related party loans for 2024. The indicative margin is an alternative to performing a detailed transfer pricing analysis to determine armʼs length interest rates and is not mandatory. The indicative margin applicable to Risk-Free Rates (RFRs) as base reference rates for related party loans not exceeding SGD 15 million that are obtained or provided during the period 1 January 2024 to 31 December 2024 is set at +220 bps (2.20%). This is down from +230 bps (2.30%) for the...