It has been reported that the administrative rules on documentation requirements for related party transactions (the Rules) are to be released shortly. The Rules, which are expected to apply from 1 January 2008, are summarized below. General Documentation required includes: -   information to be contained in the annual income tax return in respect of the related parties and transactions between the related parties; -   documents prepared and retained by the taxpayer for each tax year, and other documents provided by the taxpayer at the request of the tax authority; and -   other relevant documents. A taxpayer is...