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Charles Setia Oetomo, Felic Setiawan, and Gomgom Johannsen Kevan of GNV Consulting provide a guide to Indonesia’s new transfer pricing regulation, what to expect, and how taxpayers may prepare for its application

UAE corporate tax presents significant legal implications for small businesses

Indian Finance Minister Nirmala Sitharaman presented Union Budget of India for FY 2023-24. With India’s current economic growth estimated to be 7%, Budget envisions empowered economy which is technology-driven, knowledge-based with strong public finances.

There are significant changes to the guidance in respect of the profit split method, hard-to-value intangibles (HTVI) and financial transactions.

To print this article, all you need is to be registered or login on Mondaq.com. Overview. As discussed in prior blog posts, Amount A is a proposed new taxing right over a share of residual profit of MNE groups that fall within its defined scope. The calculation and allocation of Amount A will be determined through a formula that is not based on the Arms Length Principle (ALP). The formula will apply to the tax base of a group (or segment where relevant) and will involve ...

Introduction In many developing countries, a major challenge which occurs in related-party transactions is transfer pricing. A transfer price can be defined as the price at which related parties (that is, companies having existing relationship as a result of common ownership or control) transact with one another. In such circumstances, related parties have the tendency of transacting business at a price lower or higher than the market value in other to allocate profit for tax or other purposes....