Hong Kong has enacted a new Transfer Pricing law, which became effective on July 13th 2018 when the Chief Executive signed the new law. Known as the BEPS (Base Erosion Profit Shifting) and TP (Transfer Pricing) Ordinance, this is a milestone in Hong Kong taxation. The seminar will address the implications for multinational businesses doing business in Hong Kong, such as when will companies be required to prepare the various levels of TP documentation, since the new law adopts the OECD's "three-tiered" documentation requirement. What is the practical implication in the event of a TP audit, while Hong Kong still does not have an income tax treaty with the United States?
First 15-20 minutes is for networking
Sandwiches and beverages included
Hosted by the Taxation Committee