Changes sought in transfer pricing assessment

Budget 2025 proposes a block assessment mechanism for transfer pricing to reduce compliance burdens. The new approach allows predetermined Arm's Length Price to apply for two additional years, though experts highlight the need for clarity on implementation and potential issues for taxpayers.

Feb 3, 2025 - 08:00

Changes sought in transfer pricing assessment

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Budget 2025 proposes a block assessment mechanism for transfer pricing to reduce compliance burdens. The new approach allows predetermined Arm's Length Price to apply for two additional years, though experts highlight the need for clarity on implementation and potential issues for taxpayers.