After the Inland Revenue (Amendment) (No. 6) Ordinance 2018 (the Amendment Ordinance) was gazetted on 13 July 2018, taxpayers and practitioners continued to seek clarification from the Hong Kong Inland Revenue Department (HKIRD) concerning a range of matters relevant to the practical implementation of the new rules. During a series of transfer pricing seminars attended by representatives of the HKIRD, in addition to reiterating that the main objectives are to codify the transfer pricing principles, implement certain measures under the Base Erosion and Profit Shifting (BEPS) package, and adhere to the international standards, the HKIRD also reiterated its commitment to release detailed guidance in the form of Departmental Interpretation and Practice Notes (DIPN) to assist taxpayers practically to comply with the new rules. Join us to keep abreast of the developments in this area of transfer pricing.
(Live presentation was aired on 21 Feb 2019)