Problems relating to Trade and Investment on Singapore
14. Taxation Systems |
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Issue |
Issue details |
Requests |
Reference |
| (1) Heavy Car Tax | - The heavy car tax obstructs ownership of company cars. | - It is requested that GOS deregulates the heavy car tax. | |
| (2) The Risk of Double Taxation under TPTS | - A member firm, as a group of companies, must cope with the risk of double taxation levy especially in the context of transfer price taxation system about which rules differ among the countries. | - It is requested that GOS & GOJ: -- overhaul legislation to create the world model transfer price taxation system (guidelines, etc.) -- embellish advance pricing agreement scheme. |
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