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20210513 Practical insight and evolving practice in Hong Kong TP landscape
Hong Kong has established its transfer pricing legislation to meet international standards in 2018. This means that the arm’s length standard has become the guiding principle and operating basis for all multinational enterprises operating in Hong Kong. The Hong Kong transfer pricing landscape is shifting as taxpayers face uncertainties from the on-going COVID-19 pandemic and the Organization for Economic Co-operation and Development (OECD)’s Base Erosion and Profit Shifting (BEPS) project. This webinar attempts to assist transfer pricing practitioners to rethink the intercompany transactions under the current transfer pricing environment. In particular, we will discuss the following practical issues:
- Arm’s length principle and functional profile in different intercompany settings;
- Treatment of Hidden Transactions especially from Audit Financial Statement;
- Documentation and Comparability Analysis during COVID-19 pandemic; and
- Other practical aspects of transfer pricing compliance and planning.