The Inland Revenue Authority of Singapore (IRAS) released COVID-19 Support Measures and Tax Guidance1 for transfer pricing (TP) on 7 September 2020.The ongoing COVID-19 pandemic has caused significant disruption to people movements, supply chains and business operations, with devastating financial impact for many companies. Consequently, many businesses have sought clarity on various tax aspects related to the impact of COVID-19 on their operations, and the IRAS has periodically released guidance to give taxpayers more certainty regarding tax considerations arising from COVID-19, such as Singapore tax residency and permanent establishment issues related to COVID-19 and the tax treatment of various COVID-19-related...