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Are taxpayers ready for Hong Kong’s TP regime?

February 16, 2017

Lena Angvik



Hong Kong’s transfer pricing rules are ambiguous and not codified in law, but with a new regime under way, are taxpayers ready for sweeping changes?

Doing business in Hong Kong has continued to frustrate taxpayers. Instead of proper TP legislation, it unclear rules and questionable audits have prevailed as a result of the tax authority’s reliance on practice notes, anti-avoidance provisions and tax treaty networks. For a territory that strives to align with the OECD’s standards, a new TP regime is long overdue.

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