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REVENUE REGULATIONS NO. 2-2013

REVENUE REGULATIONS NO. 2-2013

REVENUE REGULATIONS NO. 2-2013 | 2013-01-23

REPUBLIC OF THE PHILIPPINES
DEPARTMENT OF FINANCE
BUREAU OF INTERNAL REVENUE
Quezon City

January 23, 2013

REVENUE REGULATIONS NO. 2-2013


SUBJECT Transfer Pricing Guidelines
TO        :  All Internal Revenue Officers and Others Concerned




BACKGROUND. – The dramatic increase in globalization of trade has also led to harmful tax practices that have resulted in tremendous losses of tax revenues for governments. The most significant international tax issue emerging from globalization confronting tax administrations worldwide is transfer pricing.

Transfer pricing is generally defined as the pricing of cross-border,...