Summary
RMC No. 26-2008 provides interim transfer pricing guidelines while the Revenue Regulations on Transfer Pricing are still being finalized.
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Key points
- OECD guidelines apply meanwhile. Until those Regulations are issued, the BIR follows the OECD Transfer Pricing Guidelines in resolving transfer pricing issues and concerns.
Deadlines and effectivity
- Interim, until the Revenue Regulations on Transfer Pricing are issued
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.