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Very good, they understand TP requirements well enough
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Good but there's room for improvement
30%
Good but TP is not their main concern
52%
They do not understand the requirements of the TP department
10%


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Lack of regulations in the Philippines may hinder probe

August 06, 2009

Four conglomerates being investigated by the Philippines Bureau of Internal Revenue (BIR) may find relief in the incomplete transfer pricing rules in place in the country.

The companies are being probed to see whether they are taking advantage of transfer pricing to lower their taxes.

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