The Hong Kong Inland Revenue Department (IRD) and the State Administration of Taxation (SAT) of the People’s Republic of China recently held a public conference, where both administrations demonstrated a commitment to collaborating on issues surrounding transfer pricing (TP) and associated taxation matters. The conference was intended to provide insights into both administrations’ legislative perspectives and increase certainty surrounding transfer pricing and tax avoidance issues for cross-border business. At the conference the IRD emphasized its acceptance and attempts to closely follow the Organization ... Read More

Putting an end to decades of rumors and speculation the Government of Ireland has finally introduced of a set of transfer pricing (TP) legislation. Ireland's historic lack of TP legislation came to an end on February 4th when relevant laws were introduced in the Irish Finance Bill 2010. Based on a recommendation from the European Commission, small and medium sized firms (with assets of less than €50 million or turnover of less than €43 million, and fewer than 250 employees) are exempt ... Read More