Transfer Pricing / All

Switzerland is a member of the Organisation for Economic Co-operation and Development (OECD) and has accepted the OECD Guidelines without reservation.

The United States (US) has one of the oldest and most mature transfer pricing regimes.

Turkey follows global trends, and the Turkish government is implementing new compliance rules and tax audits in accordance with the transfer pricing provisions.

Although the introduction of transfer pricing rules in Kenya is fairly recent, the Kenya Revenue Authority (KRA) has since started to conduct transfer pricing audits.

The Portuguese transfer pricing legislation has been in force since 1 January 2002, covering both cross border and domestic transactions.

Panama has recently enacted transfer pricing legislation in order to comply with international standards

New Zealand's tax authority, Inland Revenue, has publicly endorsed the work of the Organisation for Economic Co-operation and Development (OECD) on Base Erosion and Profit Shifting (BEPS).

The Hong Kong Inland Revenue Department (IRD) released comprehensive transfer pricing guidelines in December 2009 with potential retroactive effect.

The 2012 Chilean tax reform was enacted with the objective of aligning local rules with Organisation for Economic Co-operation and Development (OECD) Guidelines,