Alerts & Updates 18th Oct 2023
The ICE Benchmark Administration completely ceased the publication of interest rate benchmark LIBOR. This necessitates the replacement of LIBOR with an Alternative Reference Rate of relevant currency. This move would pose challenges for benchmarking interest rates for complying with transfer pricing regulations.
In light of this context, Rahul Charkha, Partner, Arpita Choudhary, Principal Associate & Saurabh Bora, Associate, Economic Laws Practice (ELP) have co-authored an article titled “LIBOR Transition in India Should Prompt Businesses to Prepare” published by Bloomberg Tax.
The authors examine the transfer pricing challenges companies may encounter while benchmarking interest rates on intercompany floating rate loans availed from associated enterprises.
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