When the form is required
In Form C, state whether financial-statement RPT exceed S$15 million for the YA. If they do, complete the RPT Form within Form C. Exactly S$15 million does not exceed the threshold. Form C-S filers and companies with a filing waiver do not submit it, although IRAS may request details separately. Use company data, not consolidated group accounts. Express amounts in S$, using the same exchange rate as Form C. Amend via Revise/Object to Assessment.
Aggregate flows and balances
Add all related receipts/receivables and payments/payables in the income statement, excluding key-management compensation, directors’ fees and dividends, plus year-end loans and non-trade amounts due both from and to all related parties. Include local and cross-border totals. Do not net purchases against sales even with the same counterparty. This aggregate threshold differs from transaction-category thresholds for TP documentation.
Related parties and included amounts
The form follows RPT disclosures under applicable accounting standards; it does not require re-testing each party under section 34D. Individuals controlling, controlled by or under common control with the company can be related parties, including shareholders/directors. Their loans/non-trade amounts still count despite compensation exclusions. Non-trade examples include other receivables/payables; balance-sheet net amounts after impairment may be used. Include all loans whether revenue or capital. Exclude tangible/intangible asset purchase cost, but include disposal gain/loss in the threshold and Part 2e.
Parts 1, 2 and 5
Part 1 identifies ultimate holding company and country; where all shareholders are individuals or a joint venture has no identified UHC, the company itself is UHC and answers Yes. Part 2 separates income/receipt and expense/payment for goods, services, IP royalties/licences, interest and other transactions, then totals. Other includes disposal gains/losses and reimbursements. Part 5 has opening and closing loans/non-trade balances due from/to all related parties. The screenshots show saving a draft or proceeding to confirmation.
Top-five foreign transaction details
Parts 3/4 ask about foreign goods/services sales/purchases respectively and the top five foreign parties by each direction’s total value, with name, operating country/territory, relationship and amount. Operating location matters rather than incorporation alone. For a Singapore company selling S$30m to its Singapore subsidiary’s Country F branch and S$20m domestically, Part 2 goods income is S$50m; only the S$30m branch sale belongs in foreign-sales details if top-five, with subsidiary relationship to Company B.
Company and Singapore-branch distinction
A Singapore-headquartered company includes foreign-branch transactions with other related parties but excludes its own head-office/foreign-branch internal transactions. Separately, the example Singapore branch of foreign F reports purchases S$40m from Singapore subsidiary S, S$50m from foreign M and S$60m from its foreign head office: Part 2 total S$150m because branch accounts show those head-office transactions. Part 4 excludes domestic S, reports M/F if top-five, classifying M as subsidiary relative to F and F head office as other related party.
Financial periods exceeding twelve months
For Parts 2–4, apportion income/expense on Form C’s basis or use actual transactions in each basis period. Part 5 uses actual end-of-basis-period balances. A Jan20X1–Jun20X2 statement split across YA20X2/20X3 uses balances at Dec20X1 and Jun20X2 respectively. A Jul20X0–Dec20X1 statement treated wholly in YA20X2 needs no apportionment and uses its closing accounts balances. Do not divide a balance like a flow.
Compliance and supporting documentation
The RPT Form supports IRAS TP risk assessment, including foreign details missing from accounts notes. Non-filing/incorrect Form C may attract penalties. TP documentation is not filed with the form/return, but contemporaneous records should be prepared and retained, and submitted within 30 days of IRAS request under general guideline section 6. Enquiries: [email protected]. This source is updated July 2026.
Official source
This article independently explains the substantive contents of the official PDF, including the relevant conditions, procedures and annexes. The linked document remains the authoritative source for its original wording, and later changes should be checked separately.
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