On 28 December 2020, Taiwan's Ministry of Finance announced the publication of an amendment order to update the country's transfer pricing regulations. The amendments provide for the implementation of the OECD guidelines developed as part of BEPS Action 8 to 10 to ensure that transfer pricing outcomes are better aligned with value creation, especially for intangible assets. Key points include: The definition of intangible assets is updated, which maintains the same basis asset types, such as copyrights, patents, trademarks, etc., but now includes the additional clarification that intangible assets include assets that are capable of being owned or controlled for...