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February 2018 - Hong Kong to Introduce Transfer Pricing Legislation
The Amendment Bill introduces a statutory transfer pricing regime and the OECD-recommended transfer pricing documentation requirements, as well as other proposed changes for Hong Kong to meet the four minimum standards 1 of OECD’s BEPS Action Plans. It also significantly empowers the Inland Revenue Department (“IRD”) to combat transfer pricing avoidance.
This tax newsletter discusses the transfer pricing related provisions of the Amendment Bill.