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On Friday, the Hong Kong Inland Revenue Department (IRD) released Departmental Interpretation a Practice Note (DIPN) 46, establishing the tax authority’s interpretation and practices on transfer pricing methodologies and related issues.

Indian law firm J Sagar Associates has hired Sunil Jain as partner in their direct taxes practice.

Baker & McKenzie in Australia have appointed Tim Sherman as tax partner at the firm's Sydney office.

A report says that transfer pricing practices in the pharmaceutical industry will become more complex due to the economic and political pressures that companies in the sector are facing

David Howard has joined Hoge Fenton Jones & Appel, a Northern California law firm, in its Silicon Valley office. A certified public accountant and an attorney, he was formerly a partner with Deloitte for more than 20 years. He specialises in handling income tax controversies in all jurisdictions for large corporations and wealthy individuals; advising on domestic and international tax strategies and compensation plans; assisting high net worth and high profile clients; individual and business income tax planning and business succession planning,

Chu Yam-yuen will succeed Alice Lau Mak Yee-ming as commissioner of Hong Kong's Inland Revenue Department on December 6. He steps up from his role as deputy commissioner of Inland Revenue. Mak has been commissioner since August 2002.

The Indonesian government could reverse a key plank of its coal policy that was put in place to deal with transfer pricing abuses.

Multinational taxpayers in Africa will have to start developing their transfer pricing policies and documentation to deal with the increasing number of countries in the region putting guidelines in place or reforming what it already has.

Taxpayers in South America should expect greater scrutiny from the transfer pricing authorities in 2010, says a leading adviser.

India’s new dispute resolution mechanism has not got off to a good start.