Import transfer pricing is known to be vulnerable to the supervisory forces of the tax and customs authorities driving to the opposite directions. In 2020, Global Law Office advised or represented corporate clients in resolving customs valuation of import transfer pricing and outbound royalties, which can be in part summarized as follows:

• Advise and represent a multinational company in the automobile industry regarding customs valuation of royalties and the import transfer pricing;
• Advise a TMT multinational company in respect of a customs query over transfer pricing;
• Advise a multinational medical device company on tax and customs issues concerning retrospective adjustment of transfer pricing;
• Advise a multinational company in the optical industry on customs audit on transfer pricing;
• Advise a multinational electric company on tariff risks of transfer pricing;
• Advise a multinational company in the instrument industry on transfer pricing and customs valuation;
• Advise a multinational medical device enterprise on import & export related transactions and transfer pricing;
• Advise an SOE on taxation, customs duty and transfer pricing compliance for its overseas operations.