Taiwan Announces Adoption of Master File, Local File, and CbC Report Requirements

On 14 November 2017, Taiwan's Ministry of Finance announced the adoption of the three-tiered documentation requirements of BEPS Action 13, including the Master file, Local file, and Country-by-Country (CbC) Report. The new requirements are introduced through an amendment Order to the country's transfer pricing regulations and are effective from the 2017 fiscal year.

Master File

The Master file documentation requirements are in line with the BEPS Action 13 guidelines. The Master file is t…