Taiwan - Recent Practices Suggest Changes to Transfer Pricing Audit related Requirements

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Taiwanese tax authorities have expressed concern about the relevance of implementing an aggregate testing approach in transfer pricing reports and, instead, request for further separate analyses which include analysis by transaction type and analysis by counterparty.


Sunnyvale, CA 94085, U.S, December 20, 2013 - (PressReleasePoint) - Recent reports out of Taiwan suggest changes to transfer pricing audits. Taiwanese tax authorities have expressed concern about the relevance of implementing an aggregate testing approach in transfer pricing reports and, instead, request for further separate analyses which include analysis by transaction type and analysis by counterparty.

It is advised that business entities operating in Taiwan prepare separate benchmarking analyses on basis of transaction type for transactions triggering transfer pricing provisions. Preparing these reports in advance will save time and resources during an audit and reduce the risk of transfer pricing litigation.

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