The Inland Revenue Department of Nepal published new Guidelines on Transfer Pricing on 6 October 2024. The guidelines provide: Relevant definitions, including a related party definition of 50% direct or indirect ownership; An introduction on transfer pricing and the arm's length principle; Guidance on performing a comparability analysis, with examples; The allowed transfer pricing methods with examples, which include the five standard methods in the OECD guidelines; and The required transfer pricing documentation, which should be kept for at least five years after the end of the corresponding income year and includes: documentation relating to the taxpayer, including general information...