Tax controversies arising from transfer pricing (TP) rules have become more complex and frequent since the gradual global adoption of OECD's Base Erosion and Profit Shifting (BEPS) initiatives. In Hong Kong, the Inland Revenue Department (IRD) has adopted a more stringent approach to reviewing TP issues on cross-border intercompany transactions since the passage of the TP and BEPS laws.
TP-related tax disputes are one of the most common tax controversies. Meanwhile, it has been increasingly difficult to resolve TP-related disputes with the IRD. But on a positive note, using TP methodology to resolve prolonged and comprehensive tax dispute cases has become more acceptable by the IRD.
To equip members with a better understanding of tax controversy issues arising from the TP rules, we have invited Wengee Poon and Karen Au, both Partners at PwC Hong Kong, and their fellow Managers Brian Wong and Joyce Chak to address the following topics:
- The TP legislation in Hong Kong
- Latest development with TP-related tax controversy issues
- Approach to resolving TP-related tax disputes
- Approach to using TP methodology to resolve tax audits
- Precaution measures to prevent potential TP-related tax deputes
The above will be supplemented with a number of case studies to provide participants with a better understanding of how IRD approaches TP issues, as well as useful advice on handling such enquiries.
Please refer to the following on the virtual seminar:
- Upon successful registration of the event, a unique webinar link will be sent to your registered email 2 days before the event. Please refer to the troubleshooting guide here should you experience any issues in locating the webinar link.
- Instructions on downloading Zoom and joining a webinar can be found here. We suggest that you familiarize yourself with the software in advance of the webinar.
- Please log in 15 minutes (at 10:45am) before the event begins, through the link that will be sent to your registered email.