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Transfer Pricing »
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 I T department keeps tolerance range for transfer pricing unchanged
 India retains transfer pricing tolerance range for 2019 20
 PCIT rightly directed the Bank of India s case to Transfer Pricing Officer for determining ALP ITAT
 Key Highlights Of The 2nd Edition Of KSA Transfer Pricing Guidelines
 ITAT deletes Penalty since Assessee applied Transfer Pricing Provisions with Good faith and Due Diligence
 Change in transfer pricing regulations to help MNCs
 National High Speed Rail Corporation Limited, New Delhi, Delhi
 Deals of the day-Mergers and acquisitions September 3, 2019
 Transfer pricing documentation due by year-end
 Transfer pricing amendments – a step towards certainty
 key international tax and transfer pricing developments

Aligning transfer pricing and customs valuations
August, 09th 2018

If two branches of a nation's revenue authorities apply different rules for the same transaction, it can lead to double taxation, and has the potential to hurt the investment climate

Historically, customs valuations (CV) and transfer pricing (TP) have been at opposite ends of the spectrum due to the divergent objectives of the two regulations.

CV rules are primarily applicable to the import of goods from related parties, whereas TP regulations are applicable to all cross-border transactions between related parties. The fundamental conflict of interest lies in the fact that CV seeks to evaluate if there is under-invoicing of imports, and hence under-payment of customs duty on imports, whereas TP seeks to check if an excess price has been paid for imports from related ...

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