Taiwan: Country-by-country reporting requirements | KPMG | US

Taiwan: Country-by-country reporting requirements in draft transfer pricing documentation rules

Taiwan: Country-by-country reporting requirements

The Ministry of Finance issued draft amendments to the regulations under the transfer pricing rules—specifically to provide for the three-tier transfer pricing documentation requirements pursuant to the OECD’s base erosion and profit shifting (BEPS) Action 13 for country-by-country reporting.

1000

Related content

It is expected that the amended rules would apply to fiscal years beginning on or after 1 January 2017.  

The main amendments relevant to the three-tier transfer pricing documentation are:

  • New county-by-country (CbC) reporting rules, including the criteria for the reporting entity, the reporting deadline, the definition of constituent entities and contents of the report
  • New Master file rules, include criteria for the reporting entity, the deadline, and the contents of the report
  • New CbC reporting disclosure requirement on information about the “ultimate parent entity” of a multinational enterprise and the “surrogate parent entity” that files the CbC report 
  • Amended requirements of the contents of Taiwan transfer pricing reporting rules to reflect the recommendations made under BEPS Action 13 report for Local file

 

Read a 2017 report prepared by the KPMG member firm in Taiwan

© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit