SPECIAL FEATURE: Africa's TP commitment
June 02, 2011
Sophie Ashley - TPW
A number of meetings have been held in recent months to discuss the future of transfer pricing in Africa. African governments, along with developed countries around the world, are proving their commitment to build up the transfer pricing systems in sub-Saharan Africa but a number of challenges stand in the way. Sophie Ashley builds a picture of transfer pricing today; how far has it come and how far does it need to go?
Few of Africa's 54 countries have adopted transfer pricing legislation though South Africa, Kenya, Ghana and Tanzania are leading the way. While most other countries have no specific legislation, they do have anti-avoidance regulations which incorporate the arm's-length principle in terms of related-party transactions.
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