Past Events

Since the launch of new requirements and guidance by the tax administrations in the Mainland and Hong Kong, transfer pricing has become a key issue for companies doing business on both sides of the border. Recently, tax officials have stepped up efforts on anti-avoidance enforcements resulting in a notable shift in the focus of transfer pricing-related investigations and a significant increase in additional tax liabilities for companies. These developments suggest that taxpayers should expect closer scrutiny of their operations, both domestic and cross-border, and their extent of compliance. Ernst & Young’s Patrick Cheung, Partner, and Kenny Wei, Senior Manager, explained what businesses need to watch out for.

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Ernst & Young