Dbriefs Mobile

Transfer pricing dispute resolution: A focus on China


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In China, transfer pricing is currently a key area that is attracting a great attention from tax authorities and customs. Due to the different standing point in the area of taxation and the legal basis of enforcement, a covert conflict between two authorities exists in the review of transfer pricing related matters, which may give rise to management overlapping and double taxation for MNCs from time to time. How to establish and manage transfer pricing, how to secure certainty and alignment between the two fiscal authorities have always been a challenge for MNCs. Recently, Shenzhen Tax Bureau and Shenzhen Customs jointly announced pilot programme regarding the collaborative management of transfer pricing of related-party imports, on the basis of existing Customs advance ruling policy and advanced pricing arrangement (APA) with tax authorities. The cooperation between customs and tax in the field of transfer pricing is a breakthrough in China. To help businesses to obtain a comprehensive understanding of the latest policy and trends, Stay tuned with our Deloitte professionals as they discuss the trends in Transfer Pricing by Chinese authorities, Highlights and implications of the pilot programme and what holds in future for the businesses. (Live presentation was aired on 19 July 2022)
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Dbriefs MobileBy Deloitte Dbriefs Asia Pacific