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Asia is home to the world's oldest civilisations. It is the cradle of some of the most ancient traditions.

Transfer pricing (TP) is once again the subject of a strong focus by the Australian government and the Australian Tax Office (ATO), explain Tony Gorgas, Damian Preshaw and Sean Wright of KPMG Australia.

Kari Pahlman of KPMG in Hong Kong provides an outlook on BEPS and the dynamics of Asian transfer pricing.

Cheng Chi, Kelly Liao, Brett Norwood and Irene Yan of KPMG China explore recent developments to which taxpayers in China may want to pay special attention.

Kari Pahlman, John Kondos, Irene Lee, Sunkyung Bae and Jeff Chan of KPMG in Hong Kong take a look at the opportunities for companies in Hong Kong amid a fast changing transfer pricing environment.

Iwan Hoo and Wara Kertiningrum of KPMG in Indonesia present an overview of the Indonesian transfer pricing regulations, examine the current Indonesian transfer pricing landscape and identify critical points that may further change the shape of the transfer pricing landscape in Indonesia.

Authority aggression and the introduction of domestic transfer pricing regulations are creating challenges for taxpayers in India. KPMG in India’s Rohan Phatarphekar, Rajan Sachdev, Karishma Phatarphekar, Vinod Mangotra and Alpana Saksena explore whether the outlook is brighter or if the trend of increasing taxpayer difficulty is set to continue.

As challenges from various Asian tax authorities ramp up, one may think transfer pricing in Japan is no longer an issue. The focus of the Japanese tax authority might have been shifted from one transfer pricing issue to another and the types of challenges might have been changed as well; however, its emphasis on transfer pricing has never been diminished.

Kim Jarrett, Kimberley Bruneau and Kyle Finnerty of KPMG in New Zealand give an overview of New Zealand transfer pricing in a year where change is possible.

Maria Carmela Peralta, Eugene Pulga, Rey Llesol and Valerie Jill Reyes of KPMG in the Philippines take a look at the first year of the new transfer pricing regulations.