New Transfer Pricing Regulations on Overseas Royalties Released
By China Briefing
Sept. 1 – Local tax bureaus around the country are scrutinizing outbound royalty payments to related parties overseas, in response to Circular No.363, ?Notice of SAT on Reinforcing the Monitoring and Investigation of Cross-Border Related-Party Transactions.”
This circular requires that loss-making, single function entities prepare transfer pricing documentation for the years in which they incurred losses [...]
Goods unit pricing The Competition Policy & Consumer Affairs Minister, Chris Bowen MP, has released an issues paper calling for public comment on developing a national goods unit pricing regime. Unit pricing (or comparative pricing) is the display of the price of goods...
BNA Tax Management Meets on Foreign Income & Transfer Pricing The BNA Tax Management Advisory Board met yesterday and discussed three Foreign Income & Transfer Pricing papers: Check-the-Box Reform: Technical Issues Relating to Tax Residency Based Entity Classification, by Robert Stack, Danielle Rolfes & John Bates President Obama's Tax Enforcement Proposals -- An Analysis and Critique, by Edward Tanenbaum Xilinx...