Regulatory Alerts2026-08-04
Added
FEPD-1 Circular No. 27: Import declaration requirements for intercompany dealings
Authorized Dealers must obtain a specific declaration from importers for intercompany transactions, confirming that dealings are on an arm’s length basis and comply with transfer pricing and AML/CFT regulations. This requirement replaces the previous obligation for importers to declare they are unconnected with foreign exporters. The amendment modifies the IMP Form by striking out the non-intercompany declaration clause and applies mutatis mutandis to export transactions.
Topics
fx
aml
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