Transfer Pricing / All

The tax authority in Peru is informed about Organisation for Economic Co-operation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) Action plan

While the tax office has not yet taken concrete steps to enforce the transfer pricing regulations, there is an indication that they will follow the Organisation for Economic Co-operation and Development (OECD) Transfer Pricing Guidelines.

On 18 July 2013, amendments to Decrees of Ministry of Finance relating to transfer pricing came into force.

After the termination of Internal Revenue Code (IRC) section 936 election, some US companies decided to incorporate as a non-US entity, subjected to Puerto Rico tax rules.

With respect to the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) work plan/initiative, and the United Nations (UN) Practical Transfer Pricing Manual for Developing Countries

On 18 July 2011 a federal law was signed which introduced significant changes to Russian transfer pricing rules effective 1 January 2012.

While Saudi Arabia does not have complex transfer pricing rules, transactions between related parties must be concluded on terms as if the parties were independent.

Transfer pricing rules have been present for more than a decade in Serbian corporate income tax (CIT) legislation.

Coinciding with the addition of Section 34D (transactions not at arm’s length) to the Singapore Income Tax Act in 2010