The Inland Revenue Authority of Singapore has recently updated its COVID-19 Tax Guidance for Transfer Pricing. The updated guidance, which is provided in a Q&A format, includes additional guidance on documentation, the extension of term testing guidance to cover Years of Assessment 2021 and 2022, and the addition of questions and answers regarding government assistance, limited-risk distributors, and loss-making comparables. New examples are also added. --- Question 1: My company has been severely affected by COVID-19. What information do I have to provide in the transfer pricing documentation to substantiate the arm's length nature of my transfer pricing outcome? Please...