Rook Consultants Limited

The Tanzanian Transfer Pricing Regulations

Today's newsletter focuses on the Tanzanian Income Tax (Transfer Pricing) Regulations, 2014 (“TP Regulations”) and the resultant regulations contained therein.

Transfer pricing refers to prices charged in transactions between related parties. These transactions can be in the form of tangible goods, services, intercompany financing and intellectual property. Entities are generally said to be related if they have common direct/indirect control, ownership and management. Transfer pricing is an area of interest for most revenue authorities, worldwide, due to the possibility of manipulating pricing arrangements between related parties to “cheat” revenue authorities of their “fair” share of tax revenue.

Attachment: attachment Rook_Consultants_August_2014_Newsletter_-_Transfer_Pricing_legislation_and_compliance..