On 29 December 2017, the Inland Revenue (Amendment) (No. 6) Bill 2017 (Amendment Bill No. 6) and the Inland Revenue (Amendment) (No. 7) Bill 2017 (Amendment Bill No. 7) were introduced in Hong Kong's Legislative Council. The first reading for both Bills will take place on 10 January 2017. Amendment Bill No. 6 Amendment Bill No. 6 includes measures in relation to Hong Kong's commitment to implement the four minimum standards of the BEPS package. These measures include: The Codification of the OECD’s transfer pricing rules into the Inland Revenue Ordinance (IRO) so that the transactions between associated enterprises in...