South African TP changes focus on connected persons
October 19, 2007
South Africa’s draft Revenue Laws Amendment Bill, 2007 contains a group of changes to the South African transfer pricing rules.
These are contained in section 31 of the Income Tax Act 58 of 1962. While most of the proposed changes appear to be cosmetic, the proposed amendment to the definition of a connected person for purposes of section 31 is important.
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