India’s tax authorities provide guidance and FAQs on the APA program
Guidance establishing APA program in India
Latvia’s transfer pricing regulations expand on documentation rules, APAs
Malaysia’s Inland Revenue Board released transfer pricing guidelines (2012) and APA guidelines (2012)
HM Revenue & Customs report of transfer pricing statistics for the period ended 31 March 2012
For AY 2012-13, a safe harbor of 5% applies for determining the arm’s length price of international transactions
Recent decrees expand and clarify application of Peru’s transfer pricing rules
Release of the APA program guidance in India is imminent
Transfer pricing documentation to be filed electronically with Colombia’s tax authority
New transfer pricing documentation rules and APA guidelines are introduced in Latvia.
The tax authorities in Norway will increase their focus on transfer pricing issues in 2012.
The Chinese tax authorities have been more focused on transfer pricing issues with respect to business restructuring, transfers of equity and intangibles, outbound investment, and public listings.