Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT RATES :: cpt :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: TDS :: VAT Audit :: due date for vat payment :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: empanelment
 
 
« Transfer Pricing »
  Domestic transfer pricing leeway provides a loophole for Indian companies
 Transfer Pricing Times: U.S. Tax Court Rules In Favor Of Amazon In Latest Transfer Pricing Case
 Government enters into 9 unilateral APAs with taxpayers in July
 BMR Advisors’ corporate tax practice deal goes down to the wire
 Over 300 Income Tax commissioners transferred across country
 GST won't apply to transfer of immovable property
 Outlining the transfer pricing law in Thailand
 OECD releases 42 comments on transfer pricing guidance for hard-to-value intangibles
 Transfer pricing toolkit for developing nations’ tax systems
 Transfer Pricing adjustment for excessive marketing expenses taking a twist in India
 Indian secondary adjustments for transfer pricing: what you need to know about the new rules

Government deliberates secondary adjustment to transfer pricing rules
June, 06th 2016

HMRC is consulting on whether a secondary adjustment rule should be introduced into the UK’s transfer pricing legislation, as the government department continues its clampdown against tax avoidance.

The adjustment aims to counter multinationals that do not use the arm’s length principle, reversing any cash benefit that a multinational gains, while the UK will also impose an additional charge on any excess profit arising from the non-arm’s length pricing.

Although the government has not sought to introduce a secondary adjustment rule before, HMRC believes that the adjustment may address “the financial benefit arising from incorrect pricing”.

The rules are an already internationally recognised approach and are already part of the transfer pricing rules applied in many economies including the United States, Canada, France and other EU Member States. The secondary adjustment also keeps in line with the UK’s role in the OECD’s charge to tackle Base Erosion and Profit Shifting (BEPS).

The deadline for responses is 18 August 2016.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions