China's tax authorities calling for transfer pricing contemporaneous documentation reports

The Shenzhen State Tax Bureau has recently issued a circular (Shen Guo Shui Han [2010] No.11 , Circular 11) dated 13 January 2010 to the tax bureaus at district levels that addresses the collection and management of transfer pricing (TP) contemporaneous documentation reports. The circular provides evidence of the Chinese tax authorities’ determination to tighten transfer pricing compliance enforcement.

Deloitte China Tax Analysis - February 11, 2010 ( English, Chinese)