The ongoing Covid-19 pandemic may potentially change the way businesses are run across the world. Governments, be they in developed or developing countries, are constantly designing and implementing strategies to cope with the impact the virus has had, particularly in areas like healthcare, global trade and the economy.

THE DRAFT of the law amending the Revenue Code on transfer pricing, which was approved by the Cabinet early this year, has been submitted to the National Legislative Assembly for consideration. Based on the information, the transfer pricing law will be in force for the accounting periods starting on or after 1 January 2019.