17 July 2018 Hong Kong passes tax and transfer pricing legislation to counter BEPS On July 4, 2018, Hong Kong's Inland Revenue passed its third and final reading in Hong Kong's Legislative Council of (Amendment) (No. 6) Bill 2017 (the Amendment Bill). The Amendment Bill was gazetted and formally became law of Hong Kong on July 13, 2018. The Amendment Bill codifies certain transfer pricing (TP) principles, introduces mandatory TP documentation requirements into the Inland Revenue Ordinance and implements the minimum standards released in the Consultation Report on Measures to Counter Base Erosion and Profit Shifting dated July 31, 2017. Document ID: 2018-1432 |
