On 13 July 2018, the Hong Kong Government announced the publication of the Inland Revenue (Amendment) (No. 6) Ordinance 2018 in the Official Gazette, which primarily implements the minimum standards of the BEPS project. The main aspects of the Ordinance are summarized as follows:
Transfer Pricing
The OECD's transfer pricing rules are codified into the Inland Revenue Ordinance (IRO) so that both domestic and cross-border transactions between associated enterprises will be taxed on the ba…