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Indonesia: Taxpayers are on guard as Indonesia steps up transfer pricing scrutiny

Indonesia has shown an active interest in transfer pricing over the last decade. Now that it has well developed rules, taxpayers will have to make sure they have policies to help to respond to requess for information, warn Graham Garven, Iwan Hoo and Iman Dwiristato of KPMG

March 23 2011

China: How China has developed its transfer pricing rules

Cheng Chi, Irene Yan, Leonard Zhang and Ho-Yin Leung of KPMG describe a transfer pricing system in China that is getting more sophisticated and international

March 23 2011

Editorial

The range of jurisdictions covered in this year's International Tax Review guide to transfer pricing in Asia shows how important the topic has become for taxpayers and tax authorities.

March 23 2011

Canada’s budget will have a knock-on effect for TP

Canada’s fiscal year 2011 budget was announced yesterday and, while transfer pricing will not undergo any direct changes, provisions in the budget will have a knock-on effect.

March 23 2011

Change to India’s 5% margin creates more confusion

The change to India’s 5% margin, for the determination of the arm’s-length price, made in the recent budget, was intended to simplify the process for taxpayers but it has only created further confusion.

Salman Shaheen, March 23 2011

Lack of consensus and political forces behind Russian TP delay

Advisers have said the reason behind the delay for transfer pricing rules in Russia is because of unresolved issues about substance, including the mechanism for correlative adjustments and the provisions dealing with the period in which the tax authorities can conduct transfer pricing audits.

Matthew Gilleard, March 23 2011

TPO accused of cherry-picking comparables

The Mumbai Income Tax Tribunal (ITAT) has sent back the file of Teva India, dealing with pharmaceuticals, to the transfer pricing officer (TPO) to reassess whether Vimta Labs, a contract research and testing organisation with abnormally high profit, is comparable to a contract R&D provider.

March 22 2011

The gossip on Jeffrey Owens’s replacement at the OECD

When Jeffrey Owens, director of the OECD’s Centre for Tax Policy and Administration (CTPA), announced he would leave his post in January 2012, the tax profession around the world started to speculate about who his successor would be.

March 22 2011

Squire Sanders gains partner

Squire Sanders & Dempsey has made one promotion in its tax and benefits practice in Madrid.

March 22 2011

House Ways and Means Chairman expands on tax reform

Dave Camp, the chairman of the Ways and Means Committee of the House of Representatives, has provided specifics on what he thinks US tax reform should look like.

March 22 2011

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