Newsletter Transfer Pricing

• Austria: Limits of temporary relief in the MAP (Mutual Agreement Procedure)
• China: Chinese taxation in the era of digitisation
• Hong Kong: Hong Kong IRD issues guidance regarding TP Documentation and CbCR
• Netherlands: The EU General Court’s judgement in Starbucks’ state aid case
• Nigeria: Transfer Pricing in Nigeria – Navigating a Tax Dispute Resolution
• Pakistan: A Paradigm Shift in the Approach to Transfer Pricing in Pakistan
• Russia: Changes in Russian TP legislation effective as of 2020
• Saudi Arabia: Recent developments in KSA transfer pricing
• Switzerland: The Swiss Tax Reform coming into force on 1 January 2020
• United Arabic Emirates (UAE): Transfer Pricing Regulations in the UAE
• Vietnam: 2020 Tax audits in Vietnam for Foreign Invested Companies will focus on TP

• Australia: Australia introduces new Transfer Pricing Guideline for “inbound distributors”
• Austria: Horizontal monitoring
• Egypt: Egypt’s Transfer Pricing Guidelines
• Hungary: Recent developments in Hungarian transfer pricing
• Italy: Corresponding adjustments made easier
• Saudi Arabia: Tax current developments and their impacts on permanent establishments (PEs)
• Gulf Cooperation Council (GCC): Transfer Pricing in the GCC
• Republic of Serbia: Interest rates under the arm’s length principle for 2019 fiscal year
• South Africa: Extending the scope of transfer pricing rules in South Africa
• Thailand: The new Transfer Pricing Act, effective 1 January 2019
• Turkey: Current status of the BEPS Action Plan in Turkey from the viewpoint of Turkish legislation
• Ukraine: New changes in Ukrainian transfer pricing rules in 2019

• Austria: The expanded Advance Tax Ruling Procedure
• Belarus: Transfer pricing reform in Belarus
• Brazil: Benchmark Price and Renowned Research Companies: Challenges in Brazil
• Czech Republic: Functional and risk profile identification as a key issue in current transfer pricing controls
• Italy: Implementing BEPS Actions 8 to 10
• OECD: WTS Global Comments to the OECD Discussion Draft on Financial Transactions
• Poland: Poland changes TP regulations
• Portugal: Latest news on the implementation of BEPS in Portugal
• Russia: Development of TP court practices in Russia
• Republic of Serbia: Interest rates in accordance with the “arm’s length principle” for fiscal year 2018
• Ukraine: Transfer pricing in figures

• Austria: BMF-Info Transfer Pricing Documentation
• Brazil: Prevalence of Law provisions over Normative Instructions issued by the Brazilian Federal Revenue Service
• China: China updates “beneficial owner” rules
• Germany: Contradictory Views on the Pricing of I/C Loans in German Fiscal Courts
• Hungary: Brand new TP Decree
• India: Recent Transfer Pricing related updates in India
• Luxembourg: New Luxembourg intellectual property regime in force
• Republic of Serbia: Changes in Corporate Income Tax law related to transfer pricing
• Ukraine: Extension of TP control to permanent establishments in Ukraine

• Brazil: Adoption of the Resale Price Less Profit method on long-term agreements
• China: The developing APA programme
• India: India introduces the Final Rules on drawing up the Country-by-Country (CBC) report and Master File (MF)
• Latvia: Increased focus on transfer pricing is expected due to fundamental tax reform entering into force on 1 January 2018
• Russia: Transfer Pricing Developments in Russia
• Slovenia: Increasing tax assessment on transfer pricing 
• South Africa: Summary of SA Local and OECD BEPS Transfer Pricing Compliance Requirements
• Ukraine: New Draft Law on BEPS implementation

• Austria: Corresponding TP correction: Direct contact between Austrian and German tax authorities 
• Brazil: Brazil’s Request to Join OECD: Changes to Local Transfer Pricing Rules?
• Czech Republic: Increasing number and effectivity of tax controls focused on transfer pricing 
• Greece: New transfer pricing documentation requirements for Country-byCountry reporting 
• Hungary: The implementation of the Country-by-Country Reporting (CbCR)
• International: WTS IT tool “WTS CbCR-2-XML Converter”
• Japan: Transfer pricing guidebook released in Japan
• Luxembourg: New IP regime as of 201
• The Netherlands: Should a construction permanent establishment always realise a profit? 
• Portugal: Enhancement of tax transparency
• Romania: Romania introduces Country-by-Country Reporting
• Ukraine: The First Shots in Ukrainian TP Court Practice 

• Austria: Transfer Pricing Documentation implementation provision (VPDG-DV) announced 
• Brazil: Country-by-Country Reporting in Brazil 
• China: Challenging times come after Base Erosion and Profit Shifting actions
• Czech Republic: Ministry of Finance’s discussion paper on the implementation of the ATA 
• Germany: German Ministry of Finance publishes circular regarding the use of the company name
• India: Recent TP updates in India 
• Luxembourg: Transfer pricing developments in Luxembourg
• The Netherlands: Incorrect transfer pricing and Dutch penalties 
• Russian Federation: Specifics of Transfer Pricing control in Russia 
• Ukraine: Update of Ukrainian TP rules in 2017

• Austria: Transfer Pricing Documentation Law (VPDG) in force
• Belgium: Mandatory TP Documentation Requirements introduced into law
• China: China is amending its tax collection law, and scrutinizing outbound payments
• Germany: Government Draft regarding the implementation of OECD BEPS’s three-tired documentation concept was published on July 13, 2016
• Hungary: New domestic regulations introduced on royalties in the light of BEPS
• India: India implements Action 13 Plan of OECD 
• Nigeria: Nigeria Gets Set for the Full Implementation of Country-by-Country Report Framework
• Norway: Implementation of BEPS-Actions
• Poland: Update on the implementation of CbC Reporting in Poland
• United States: Proposed Section 385 Regulations 

• Australia: Update on the implementation of BEPS measures in Australia
• Brazil: OECD BEPS Action 13 Transfer Pricing 
• China: When will the BEPS Action 13 transfer pricing requirements be implemented? 
• Hungary: BEPS – implementation in Hungary – the sounds of silence 
• India: Transfer Pricing in BEPS context – India updates 
• Italy: The implementation of BEPS transfer pricing guidance in Italy
• The Netherlands: Dutch implementation of BEPS Action point 13: TP Documentation and Country-by-Country Reporting 
• Norway: Well prepared to comply with BEPS recommendations
• Russia: Russian Federation 
• Singapore: Singapore’s evolving transfer pricing regime 
• Slovenia: Expected Changes in the Field of Transfer Pricing Documentation 
• Ukraine: BEPS in Ukraine: not yet but closer 
• United Kingdom: Evolving transfer pricing landscape in the United Kingdom 

• Australia: Multinational Anti-Avoidance Law & Tax Transparency Initiatives 
• Brazil: Cost plus profit as an alternative to resale price less profit
• China: Enforcement of BEPS in China 
• India: Multiple Year Data + Range Concept 
• Italy: Transfer Pricing and Domestic Intercompany Transactions in the Light of the New Legislation Korea: Korea 2015 Tax Reform Proposals: Reinforcement of Multinational Enterprises (“MNE”)’s Transfer Pricing (“TP”) Information Reporting Requirements 
• Latvia: Recent transfer pricing judgements in Latvia leading to increased controversy in application of resale minus method 
• Luxembourg: Impact of European Commission’s Fiat State Aid decision on Luxembourg’s transfer pricing practice 
• Philippines: Transfer Pricing: One of the 2015 Top Priority Programs in PHL 
• Poland: Poland implements BEPS Action 13 
• Spain: New CbC reporting obligation and amendments to transfer pricing rules
• The Netherlands: Dutch Implementation of BEPS Action Point 13: TP Documentation and Country-by-Country Reporting 
• Ukraine: The Variations in the List of Controlled Transactions in Ukraine
• United Kingdom: Tax and transfer pricing update on interest deductibility

Comments regarding the OECD Draft on Transfer Pricing (TP) Documentation and country-by-country (CbC) Reporting