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Asia unites to combat transfer mispricing

Asian countries are discussing a unified strategy to tackle transfer mispricing in the region this week.

The Study Group of Asian Tax Administration and Research (SGATAR) is meeting in Mandaluyong City, in the Philippines, between September 3 and 5. The meeting is being hosted by the country’s Bureau of Internal Revenue (BIR).

Kim Jacinto-Henares, BIR commissioner, said the annual gathering “will discuss recent developments in transfer pricing as an important international taxation issue to tax administrators in the region”.

“We will share the best practices and experience in the handling of transfer pricing cases among member tax agencies,” she added.

SGATAR is an international tax research institution, organised by tax administrators in the Asia-Pacific region, and now has a membership of 16, which includes:

  • Australia;
  • People’s Republic of China;
  • Hong Kong SAR;
  • Indonesia;
  • Japan;
  • South Korea;
  • Macau SAR;
  • Malaysia;
  • Mongolia;
  • New Zealand;
  • Papua New Guinea;
  • Philippines;
  • Singapore ;
  • Chinese Taipei;
  • Thailand; and
  • Vietnam.

The group's next meeting will be in Thailand on November 19 to 22. This meeting is just one week before International Tax Review and TPWeek'sTransfer Pricing Forum (Asia), which will be held in Singapore on November 28 and 29. Speakers include the UN, the OECD, the World Customs Organisation, Gucci, Schneider Electric, Standard Chartered, Dell and Time Warner.

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