Valuation timing for newly established entities extended, and a prescribed calculation replaces arm's length price for specified activities. The amendment modifies section 9A(3) by (1) changing the measurement date from the end of the previous year to the later of the end of a period of six ... Summary
Valuation timing for newly established entities extended, and a prescribed calculation replaces arm's length price for specified activities.
The amendment modifies section 9A(3) by (1) changing the measurement date from the end of the previous year to the later of the end of a period of six months from the last day of the month of establishment or incorporation, or the end of the previous year, and (2) replacing reference to the arm's length price for the specified activity with an amount calculated in such manner as may be prescribed.
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