Asia unites to combat transfer mispricing

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Asia unites to combat transfer mispricing

Asian countries are discussing a unified strategy to tackle transfer mispricing in the region this week.

asia150.jpg

The Study Group of Asian Tax Administration and Research (SGATAR) is meeting in Mandaluyong City, in the Philippines, between September 3 and 5. The meeting is being hosted by the country’s Bureau of Internal Revenue (BIR).

Kim Jacinto-Henares, BIR commissioner, said the annual gathering “will discuss recent developments in transfer pricing as an important international taxation issue to tax administrators in the region”.

“We will share the best practices and experience in the handling of transfer pricing cases among member tax agencies,” she added.

SGATAR is an international tax research institution, organised by tax administrators in the Asia-Pacific region, and now has a membership of 16, which includes:

  • Australia;

  • People’s Republic of China;

  • Hong Kong SAR;

  • Indonesia;

  • Japan;

  • South Korea;

  • Macau SAR;

  • Malaysia;

  • Mongolia;

  • New Zealand;

  • Papua New Guinea;

  • Philippines;

  • Singapore ;

  • Chinese Taipei;

  • Thailand; and

  • Vietnam.

The group's next meeting will be in Thailand on November 19 to 22. This meeting is just one week before International Tax Review and TPWeek's Transfer Pricing Forum (Asia), which will be held in Singapore on November 28 and 29. Speakers include the UN, the OECD, the World Customs Organisation, Gucci, Schneider Electric, Standard Chartered, Dell and Time Warner.

more across site & bottom lb ros

More from across our site

The US can veto anything proposed by the OECD, Alex Cobham of UK advocacy group Tax Justice Network argues
US partner Matthew Chen was named as potentially the first overseas PwC staffer implicated in the tax leaks scandal, in a dramatic week for the ‘big four’ firm
PwC alleged it has suffered identifiable loss and damage arising out of a former partner's unauthorised use of confidential information; in other news, Forvis Mazars unveiled its next UK CEO
Luxembourg saw the highest increase in tax-to-GDP ratio out of OECD countries in 2023, according to the organisation’s new Revenue Statistics report
Ryan’s VAT practice leader for Europe tells ITR about promoting kindness, playing the violincello and why tax being boring is a ‘ridiculous’ idea
Technology is on the way to relieve tax advisers tired by onerous pillar two preparations, says Russell Gammon of Tax Systems
A high number of granted APAs demonstrates the Italian tax authorities' commitment to resolving TP issues proactively, experts say
Malta risks ceding tax revenues to jurisdictions that adopt the global minimum tax sooner, the IMF said
The UK and what has been dubbed its ‘second empire’ have been found to be responsible for 26% of all countries’ tax losses by the Tax Justice Network
Ireland offers more than just its competitive corporate tax environment but a reduction in the US rate under a Trump administration could affect the country, experts tell ITR
Gift this article