close
Share with your friends

Taiwan: Draft amendments to transfer pricing assessment rules

Taiwan: Draft amendments to transfer pricing assessment

The Taiwan Ministry of Finance on 18 August 2020 released draft amendments to certain provisions of the regulations governing transfer pricing assessments of non-arm’s length transactions by profit-seeking enterprises.

1000

Related content

The changes in the draft rules reflect what are described as global trends and are being proposed to address disputes in transfer pricing audits.

The transfer pricing assessment rules in Taiwan refer to the amended OECD Transfer Pricing Guidelines (July 2017) and incorporate provisions from the guidelines regarding the evaluation of economic substance and behavior, and concerning transactions involving the use of intangible assets in order to provide guidance for value-chain arrangements of multinational enterprises. 

Read an August 2020 report [PDF 287 KB] prepared by the KPMG member firm in Taiwan

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal