Oct 2008 - Tax Updatedraft Transfer Pricing Rules
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2008-10 - Tax Updatedraft Transfer Pricing Rules
October 2008
China Tax Update draft Transfer Pricing Rules
A set of administrative measures for transfer pricing documentation (“Contemporaneous Documentation Requirements”) has been drafted and may be launched soon after long deliberation by the PRC authorities. The Contemporaneous Documentation Requirements will have a retroactive effect from 1 January 2008. The requirements will certainly put compliance burden on PRC taxpayers, especially for those who are involved in related party transactions in significant amount.
