Hong Kong's transfer pricing legislation - draft law issued
29-12-2017
Hong Kong's transfer pricing legislation - draft law issued 

On 29 December 2017, the draft law to codify transfer pricing rules and other relevant BEPS measures into Hong Kong tax law (the Amendment Bill) was gazetted. This is one of the biggest changes to Hong Kong tax law, affecting taxpayers' compliance obligations.

Generally, the Amendment Bill covers the following: 
- codification of transfer pricing rules to cover domestic and cross-border transactions 
- provision of an advance pricing arrangement regime 
- mandatory transfer pricing documentation requirements 
- amendments relating to mutual agreements and relief from double taxation 
- implementation of the BEPS minimum standards 

The Amendment Bill is scheduled to be tabled to the Legislative Council on 10 January 2018.