Transfer Pricing : The Implementation of BEPS In India and China

Ever since the transfer pricing rules introduced in India and China they have undergone various updates based upon the requirements and need of countries and trade organisations. Concepts of the APA and SHRs have also been incorporated in their transfer pricing legislations and both countries have been assiduously implementing the transfer pricing related updated rules in order to encourage the FDI. With the increase in tax evasion incidences by multinational companies, OECD and G20 countries have come up with 15 Base Erosion & Profit Shifting (BEPS) Actions in 2015. Both India and China, have also very recently started implementing the BEPS system. In this direction, an attempt has been made in this paper first to explain the relevant concepts and then underscore the BEPS actions implementation by India and China