Indonesia consolidates transfer pricing guidelines with Regulation No. 172 of 2023. Singapore Budget 2024 addresses economic challenges and implements global tax reforms.
Unified Transfer Pricing Guidelines in Indonesia
Indonesia’s Ministry of Finance released Regulation No. 172 of 2023, unifying transfer pricing guidelines. The Directorate General of Taxes emphasizes compliance and substance checks, expanding the arm’s length principle to ensure robust analyses by taxpayers.
Singapore Budget 2024 and Global Tax Reforms
Singapore’s Budget 2024 tackles economic challenges and sustainability, implementing global tax reforms like the Income Inclusion Rule and Domestic Top-up Tax. This strategic move aims to fortify the nation’s economic resilience and commitment to international tax standards while addressing rising operational costs and fostering sustainable development.
