OrbitaxTransfer Pricing guidelines issued – details
|Approved Changes|Philippines
On 23 January 2013, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 2-2013 or the transfer pricing guidelines. The guidelines are largely based on the OECD arm's length methodologies as set out in the OECD Transfer Pricing Guidelines.
The main points of the guidelines are summarized below:
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