Our colleagues from Argentina provide an overview of the new transfer pricing regulations by summarising the six main aspects of GR4717.
Despite the modernised Income Tax Law and Tax Code, which has been published at the beginning of this year, Chile expects further practical and regulatory modifications due to the ongoing COVID-19 pandemic.
The contribution from Nigeria sheds light on the first transfer pricing decision of the Nigerian tax appeals tribunal and provides a brief outlook on what taxpayers should consider in view of their transfer pricing.
Pakistan shifted the focus of its Tax Authorities towards transfer pricing issues by introducing regulatory amendments concerning TP audits.
Since the beginning of 2020, reduced limitations on Taiwan’s “one-time transfer pricing adjustment” became effective, which helps enterprises to achieve an arm’s-length resulteven in times of unexpected market conditions.
Thailand extended the deadline for the 2019 tax return until 31 August 2020 and recently signed the “Multilateral Convention on Mutual Administrative Assistance in Tax Matters” on 3 June 2020, which will likely lead to stricter documentation requirements.
Vietnam enhances its focus on transfer pricing by introducing the new “Law on Tax Adminis-trations” and thereby changing existing regulations on the deduction of loan interest costs - alongside other TP-related innovations.
If you have any questions regarding any aspects of this newsletter, our Global Transfer Pricing experts will be happy to answer them.
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