What Singapore can do to enhance carbon trading hub status

KPMG advises determining length prices for carbon credits.

Uncertainty on how to determine an arm’s length price for carbon credits remains an issue for this trading activity due to its uniqueness, advisory firm, KPMG, said.

To resolve this, the Inland Revenue Authority of Singapore (IRAS) may consider creating a guidance on the transfer pricing considerations relevant to carbon credits.

Currently, IRAS said from 23 November 2022, the issuance, transfer, and sale of carbon credits including digitised form is to be treated as “neither a supply of goods nor a supply of services, i.e. an excluded transaction” for GST purposes.

The transactions conducted prior to the said date will be subjected to GST, which clarifies GST treatment of carbon trading, reduces costs for businesses, and may help boost carbon credit marketplace in Singapore.

Follow the link for more news on

Inland Revenue Authority of Singapore

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia