OrbitaxIRAS Provides Guidance on Treatment of Payments for Related Party Services
|Approved Changes|Singapore
The Inland Revenue Authority of Singapore (IRAS) has updated its guidance on the treatment of Business Expenses, including new guidance on the treatment of payments for related party services.
---
[NEW!] Payments for related party services
Where a payment made by a Singapore service recipient is for the provision of services, the payment to the related service provider should reflect the arm's length price. Such payment, being service fee payment, will be allowed a full deduction to the …