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In an ever-changing global economy, Transfer Pricing (TP) is an important tax issue for multinational companies. With more than 3,000 professionals in over 80 countries, PwC's transfer pricing network of teams is well-positioned to advise you on a strategy that can help advance your goals within the ever-shifting compliance landscape.
Managing transfer pricing risk remains critical in an increasingly targeted, transparent business environment, and as the Base Erosion and Profit Shifting (BEPS) debate leads to greater international tax regulation and review.
Many multinational corporations have already implemented policies and methodologies for transfer pricing that have not yet been audited by the tax authorities. Previously, the Inland Revenue Department (IRD) in Hong Kong has not been focusing on this area, but in line with revenue authorities in other jurisdictions in the region, more scrutiny is being paid to intra-group transfer prices. Companies should therefore assess their risks and document their transfer pricing policies in their Hong Kong operations. No matter what your industry is, we have the tools, the local presence and the sophisticated, up-to-date regulatory knowledge to help you stay ahead of the game.
Asia Pacific Transfer Pricing Services Leader, US MNC Business Services Group Leader, PwC China
Tel: + (21) 2323 3495