Hong Kong has published a guidance page on Transfer Pricing Documentation – Master File and Local File, which provides an overview of the requirements, the relevant thresholds/exemptions, the required content, the timing for preparation, etc. For accounting periods beginning on or after 1 April 2018, a Hong Kong entity must prepare a master file and a local file no later than 9 months after the end of its accounting period, subject to the exemption thresholds. Whether a master file and local file have to be prepared must be declared in the profits tax return and supplementary form S2. If required,...