The Inland Revenue Authority of Singapore (IRAS) has published an e-Tax Guide on Transfer Pricing for Commodity Marketing and Trading Activities. The e-Tax guide analyses the economic value of taxpayers' commodity marketing and trading activities in Singapore and helps taxpayers to comply with the arm's length principle and transfer pricing documentation requirement when such activities are carried out with their related parties. The guidance is intended for business entities incorporated or registered in Singapore and involved in the business of marketing and/or trading in commodities and is based on the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations....