IRAS Clarifies the Value of Related Party Transactions (RPT) for Reporting in the RPT Form Excludes Director Fees

The Inland Revenue Authority of Singapore (IRAS) has updated its guidance page on Transfer Pricing, including the clarification that the value of Related Party Transactions (RPT) for reporting in the RPT Form excludes director fees. This is confirmed in the following on the guidance page:

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Reporting Related Party Transactions (RPT)

Your company must complete the Form for Reporting RPT if the value of RPT disclosed in the financial statements for the financial period exceeds S$15 milli…