New transfer pricing rules in Thailand go into effect January 1, 2019. The key provisions of the legislation include the following:
Hong Kong passed has implemented a base erosion and profit shifting and transfer pricing tax regulatory regime.
The Ministry of Finance published a new transfer pricing decree that provides guidance on the application of the arm’s-length principle.
Canada released its 2018 Budget Plan, which includes “rules aimed at ensuring that non-residents pay their fair share of tax on income derived from Canadian sources.”
The Cyprus tax authority announced that the previously agreed minimum profit margins on back-to-back intragroup financing will cease to apply from July 1, 2017.
India announced the 2017 budget.
For assessing the financial year ending in 2017, taxpayers with cumulative related party transactions exceeding S$15,000,000 in audited accounts are required to complete a form for reporting related party transactions.
The Specialized Tax Office has undertaken an operation to scrutinize multinationals' related-party transactions to ensure they are on arm's length principles.
The State Administration of Taxation (SAT) recently issued Announcement No. 16. which focuses on outbound payments to related parties. Learn what circumstances will prevent the payments from being deductible.
Guidance sets out the taxation’s commissioner view on transfer pricing documentation an entity should hold to meet the relevant requirements of the Taxation Administration Act