Sri Lanka, March 13 -- Transfer pricing is a concept that is of increasing importance to businesses, especially those with cross-border intercompany transactions.

As international tax and transfer pricing landscapes, both globally and in Sri Lanka, are developing rapidly, the multinational enterprises (MNEs) should stay ahead of the intricacies of transfer pricing compliance and ensure that their transfer pricing practices align with the evolving regulatory landscape. It is therefore an opportune time for businesses to review their transfer pricing arrangements, both from an operational effectiveness and compliance perspective.

A recent webinar hosted by KPMG Sri Lanka shed light on the key concepts of transfer pricing and importance of...