Hong Kong's new transfer pricing regime - your guide

摘要

The Inland Revenue (Amendment) (No 6) Ordinance 2018 came into force in July 2018. This is perhaps the most radical reform to Hong Kong's tax code since 1986, and provides for, among other things, compliance with the government's commitment to meeting the guidelines and policy set forth by the Organisation for Economic Cooperation and Development (OECD) to combat base erosion and profit shifting and to eliminate harmful tax competition among jurisdictions. The bulk of the new transfer pricing regime is written into Part 8AA of the Inland Revenue Ordinance (IRO).