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Newsletter No. 180 (EN) L&P Legal, Tax and Business Consultants A Hong Kong Company s Board of Directors, — Function and Liabilities June 2014 Although Lorenz & Partners always pays great attention
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Visit the official website of the Immigration Department of Hong Kong.
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TP Hong Kong stands for Transfer Pricing in Hong Kong, which refers to the rules and regulations related to pricing transactions between affiliated companies.
Companies in Hong Kong that have transactions with affiliated entities are required to file TP Hong Kong to ensure that these transactions are priced fairly and comply with tax regulations.
To fill out TP Hong Kong, companies need to provide detailed information about their transactions with affiliated entities, including the pricing methodology used and the documentation supporting the pricing decisions.
The purpose of TP Hong Kong is to prevent transfer pricing manipulation and ensure that transactions between affiliated entities are conducted at arm's length to avoid tax evasion and ensure fair taxation.
Companies filing TP Hong Kong must report details about their related party transactions, including the nature of the transactions, the entities involved, the pricing methodology used, and any supporting documentation.
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