Peru: Changes to transfer pricing documentation requirements

21 July, 2013

The Resolution 175-2013 of Peru sets out regulations concerning new transfer pricing documentation requirements which have become effective from 1 June 2013. According to the new rule taxpayers subject to the transfer pricing rules are required to

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India: Documentation rules for transactions with “notified jurisdictional areas”

21 July, 2013

Section 94A to the Income Tax Act, 1961 empowers the Indian Government to blacklist certain jurisdictions which do not effectively exchange information with India. Those jurisdictions are classified as “notified jurisdictional areas.” The

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Hungary: New Decree on Transfer Pricing Documentation Rules

03 July, 2013

The Hungary’s Ministry of Finance has issued Decree 20/2013 on 18 June 2013. The decree clarified the transfer pricing documentation obligations of Hungary. The Decree 20/2013 is designed to decrease the taxpayers’ administrative burden and to

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Czech Republic: New Decree on Low Value Adding Services

03 July, 2013

The General Financial Directorate (D-10) has issued the new Decree related to Low Value Adding Services took into effect on January 1, 2013 and it will relief qualifying taxpayers from preparation of full-phase transfer pricing documentation and

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India: Transfer Pricing Reporting Requirements

18 June, 2013

Recently India’s Central Board of Direct Taxes issued guidance that expands the transfer pricing reporting requirements of certain international transactions and certain “specified domestic transactions.” To bring into line those reporting

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Hungary: Draft bill on the proposed changes to transfer pricing reporting obligations

04 June, 2013

The Ministry of National Economy of Hungary had announced a draft bill in March 2013. The draft bill proposed significant changes to the reporting requirements regarding the determination of arm’s length prices. According to the proposed changes

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Russia: Offering New Transfer Pricing Deadlines

16 May, 2013

The Russian government has sent Draft Law No. 79859-6, which offers to set new transfer pricing deadlines for taxpayers for the second reading to the lower house of the Russian parliament. These changes may impact international businesses operating

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Hungary: Proposed Changes to Transfer Pricing Rules

23 April, 2013

The Ministry of National Economy (’the Ministry’) of Hungary has proposed changes to Hungarian transfer pricing documentation requirements. They have introduced provisions relating to low value added services and specified criteria for selection

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Poland – Reviewed tax haven list, transfer pricing documentation

18 March, 2013

Poland’s Ministry of Finance proposed to change the rule and regulation containing the list of countries and territories that are identified as applying “harmful tax competition on March 8 2013”. After finalizing the changes the Polish

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Philippines: New Transfer Pricing Regulations

24 February, 2013

The Philippines’ Secretary of Finance issued Revenue Regulations (RR) No. 02-2013 – the transfer pricing regulations – on 23 January 2013, which became effective from 9 February 2013. The new regulations provide guidance in applying the

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Greece: New Transfer Pricing Documentation Rules

17 February, 2013

The Greek Parliament passed Income Tax amendments in January 2013 which changes to the transfer pricing provisions have been included. In Greece’s income tax law Article 39 and 39A have been repealed by new measures. According to the amendments

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Irish Revenue announces transfer pricing compliance monitoring approach

06 December, 2012

On 6 December 2012 it was published that the Irish Revenue released guidance on 26 November 2012 setting out how they are proposing to monitor transfer pricing compliance in accordance with Part 35A of the Taxes Consolidation Act 1997 The guidance

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Colombia: Transfer pricing documentation and APA requirements amended

29 August, 2012

It was reported on 29 August 2012 that, decree 1602, published in the Official Gazette of 27 July 2012, modifies some of the transfer pricing regulations established by Decree 4349 of 2004. Some of the most important modifications, applicable as

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Transfer pricing gets intensive focus in Vietnam’s General Department of Taxation

15 August, 2011

During the late July 2011 Vietnam’s General Department of Taxation (GDT) and HCM tax authorities took several activities on transfer pricing (TP) which focused importantly on increasing awareness and strengthening the implementation of TP

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