accountants and business advisers
26 Jun 2017
The PKF Worldwide Transfer Pricing Guide 2017/18 which provides up to date Transfer Pricing information in 98 tax jurisdictions will be released shortly. Thailand's Transfer Pricing Guide is available for download below. The full Guide covering all 98 jurisdictions will be available in August.
A knowledge of Transfer Pricing is important for any company doing business internationally. Against the backdrop of globalisation and rapidly increasing international trade, multinational enterprises have become more sophisticated in how they plan their business operations across various jurisdictions. Indeed, transfer pricing is often seen as a mechanism for a multinational group to move profits into a low tax jurisdiction and costs into a higher taxed jurisdiction as a means of achieving a lower overall taxation result. Consequently, with countries experiencing reduced tax bases and declining tax revenues the pressure has never been higher on Governments and tax authorities to ensure the transfer prices between domestic and foreign related parties reflect arm’s length values and domestic tax revenues are protected. To provide guidance to countries in regulating and monitoring the transfer prices between large taxpayers and their overseas related parties, an area of focus of the Organisation for Economic Co-operation and Development (OECD) in its Base Erosion and Profit Shifting (BEPS) initiative was transfer pricing.
Download PKF Thailand Transfer Pricing Guide 2017/18 here.
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