Do you know how the recent TP issuances may impact you?
Since the Bureau of Internal Revenue (BIR) believes that there are hefty tax leakages from local and foreign deals involving related parties, transfer pricing has increasingly become a focal point for tax compliance. Before and during the pandemic, the BIR has released issuances that would show that the Bureau really wants to get serious about transfer pricing enforcement in the Philippines.
© 2015 - Sat Sep 26 01:54:49 UTC 2020 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.