Category: Asia Pacific

India: Budget 2014/2015

Monday, July 14, 2014

India’s much awaited 2014/2015 Union Budget was presented by the Finance Minister, Arun Jaitely, in Parliament last week. Here are the transfer pricing highlights:

  • Range concept – In order to align transfer pricing regulations in India with the best available practices, the Finance Minister proposes to introduce…Read More
by aspect advisory in: Asia Pacific

Malaysia: Transfer Pricing Documentation Confirmation

Sunday, July 06, 2014

The Inland Revenue Board of Malaysia has officially added a question to the 2014 Income Tax Return related to transfer pricing documentation. Taxpayers must answer “yes” or “no” as to whether they have prepared transfer pricing documentation for the year of assessment 2014.

Malaysian taxpayers with intercompany transactions must therefore ensure transfer…Read More

by aspect advisory in: Asia Pacific

China: Cautious About Adopting BEPS Rules

Tuesday, June 24, 2014

During a recent tax conference in Beijing, Chinese officials alluded to potentially incorporating concepts from the international base erosion and profit shifting plan into future domestic tax rules, but only while not giving up its right to negotiate bilateral agreements or develop its own tax policies.

Liao Tizhong, Director General of China’s…Read More

by aspect advisory in: Asia Pacific

Australia: Draft Tax Rulings Issued

Wednesday, April 30, 2014

​April 2014 saw the release of two draft taxation rulings by the Australian Tax Office (ATO) on transfer pricing matters.

TR2014/D3 allows for the replacement of actual commercial or financial arrangements between related parties with arm’s length commercial or financial arrangements that are comparable to the substance of the arrangements.

TR2014/D4 relates…Read More

by aspect advisory in: Asia Pacific