-
Angola is undergoing major reforms to its tax system, including the establishment of a transfer pricing regime, set to be introduced in March. January 24, 2012
-
Ghana is moving towards implementing a transfer pricing regime with the help of a German development agency. November 16, 2011
-
The African Tax Administration Forum’s (ATAF) first general assembly in Mauritius next week will focus on illicit financial flows, tax evasion and tax avoidance. July 21, 2011
-
The OECD received 22 different contributions from advisers concerning its June 10 report “Multi-country Analysis of Existing Transfer Pricing Simplification Measures”. July 13, 2011
-
A report released this week by the Oxford University Centre for Business Taxation (CBT), commissioned by the OECD Informal Task Force on Tax and Development, has called for new transparency measures in disclosing tax payments and profits for multinational companies.
July 13, 2011
-
July 06, 2011
-
Countries losing money from multinationals’ transfer pricing are, more often than not, lacking the ability to implement the arm’s-length principle effectively, one of Africa’s leading tax officials has said .
July 01, 2011
-
Both the OECD and the UN are working to reform international tax rules, one representing the developed world; the other the developing nations. But, who will come out on top?
June 20, 2011
-
Uganda has announced it will introduce transfer pricing regulations from next month. June 20, 2011
-
The Informal Meeting on the Practical Transfer Pricing Issues for Developing Countries, which was convened in New York last week, discussed the UN’s draft manual which will offer guidance on the practicality of adapting OECD guidelines to developing countries. June 15, 2011
-
Transfer pricing abuse has sparked amendments to Kenyan tax law in the country’s recent budget. June 10, 2011
-
In a binding private ruling, the South African Revenue Service (SARS) has concluded that a non-resident company, whose effective management is not in South Africa, does not constitute a permanent establishment (PE). June 08, 2011
-
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? June 02, 2011
-
Five African governments will convene in South Africa next month to discuss SABMiller's transfer pricing strategies in the continent. May 06, 2011
-
The OECD is inviting public comment on the meaning of beneficial ownership due to the number of differing interpretations by courts and tax administrations. May 03, 2011
-
When Dave Hartnett, HMRC's permanent secretary for tax, told the Tax Planning Strategies meeting in Paris, organised by the IBA, the ABA, IFA and the OECD, that the UK is to lead a survey into the practicality of global transfer pricing guidelines, you could be sure that practitioners around the world would have an opinion. April 20, 2011
-
A new tax law is effective in Qatar with specific transfer pricing implications, including advance rulings. April 13, 2011
-
Developed countries have committed themselves to the transfer pricing training of African tax administrators. March 28, 2011
-
Valuation was the focus of the Working Party 6 meeting on the transfer pricing aspects of intangibles, which took place between March 21 and 23 at the OECD in Paris. March 24, 2011
-
When Jeffrey Owens, director of the OECD’s Centre for Tax Policy and Administration (CTPA), announced he would leave his post in January 2012, the tax profession around the world started to speculate about who his successor would be. March 22, 2011
-
The heightened scrutiny of transfer pricing is caused by a greater government focus on tax base protection, said KPMG’s Global Transfer Pricing Review. March 17, 2011
-
A Johannesburg Tax Court decision suggests taxpayers should be able to prove the arm’s length nature of domestic, as well as cross-border, intra-group transactions. March 16, 2011
-
India’s budget, announced Monday, could make India one of the strictest transfer pricing regimes in the world, according to advisers.
February 28, 2011
-
Steven Tseng has left KPMG, in Hong Kong, where he was the Asia Pacific Regional leader for Global Transfer Pricing Services (GTPS) as well as the partner in charge of GTPS in China and Hong Kong. February 18, 2011
-
Michael Honiball, former head of transfer pricing at KPMG in South Africa, has moved to Webber Wentzel as a partner in the tax advisory department. Based in the Johannesburg office, he also consults from Cape Town. February 15, 2011
-
The South African budget, which will be announced on February 23, could give more clarity about thin capitalisation. February 15, 2011
-
The credit cycle stage is a critical factor in the context of pricing intercompany loans and other debt instruments. February 10, 2011
-
The scoping document produced by the OECD, for its project on the transfer pricing aspect of intangibles, raises questions about definitions and the status of valuation methods, transfer pricing professionals have told TPWeek. February 09, 2011
-
After the OECD’s release of a scoping document, on its new project on the transfer pricing aspects of intangibles, Caroline Silberztein, head of the transfer pricing unit at the OECD Centre for Tax Policy and Administration, talks to Salman Shaheen of TP Week about the issues to be addressed, what areas could not be covered and what form the consultation process will take now. February 07, 2011
-
A source has revealed that pre-filing talks have taken place, suggesting that China and the UK might be working on their first bilateral advanced pricing agreement (APA). February 02, 2011
-
The OECD has released a scoping document on the transfer pricing aspects of intangibles in response to its consultation on the topic last year. January 31, 2011
-
As audit activity increases, on a global scale, transfer pricing documentation is becoming critical to multinational companies. January 26, 2011
-
Five asset management and research firms have signed up to a Global Financial Integrity (GFI) initiative on financial transparency. January 26, 2011
-
Another year provides further scope for transfer pricing development. Tax directors, transfer pricing advisers and government officials are invited to share their views on what to expect from transfer pricing in 2011. January 05, 2011
-
As emerging economies struggle with the prospect of inflation and depreciation, which some tax markets fear could repeat the 1997 Asian Financial Crisis, transfer pricing rules could become increasingly important. December 22, 2010
-
Anthony Mahon and Andy El Zayaty of Deloitte provide a guide to the transfer pricing requirements in Egypt. December 15, 2010
-
Thomson Reuters has added new tools to its Documenter software, a key component to its comprehensive ONESOURCE Transfer Pricing offering. December 15, 2010
-
The Egyptian Tax Authority (ETA) has launched transfer pricing guidelines, after the introduction of legislation in 2005. December 13, 2010
-
ActionAid, the UK-based development agency, has accused SABMiller, a multinational brewing and bottling company, of using transfer pricing to lower its tax bills in developing countries. December 08, 2010
-
The Chartered Institute of Taxation (CIOT) is launching a transfer pricing option examination paper as a global benchmark of quality and achievement and an independent means of demonstrating transfer pricing expertise. November 17, 2010
-
Developing countries may not be getting the full benefit of an increased international focus on transfer pricing, says Christian Aid’s senior economic justice adviser. November 17, 2010
-
The OECD has sent a questionnaire to all member countries asking them how they deal with the issue of hindsight when forecasting the profits arising from intangibles. November 17, 2010
-
Shiv Mahalingham of Alvarez & Marsal (Taxand UK) deconstructs international approaches to APAs and explains how the agreements can help prevent unexpected adjustments, interest or penalties in transfer pricing audits. November 10, 2010
-
The OECD’s Working Party 6, of the Committee on Fiscal Affairs, met yesterday in Paris to discuss a new project on the transfer pricing aspects of intangibles, which may lead to a revision of chapters six and eight of the transfer pricing guidelines (TPG). November 10, 2010
-
Taxpayers have until next May to prepare for the introduction of changes to South Africa’s transfer pricing regime. October 20, 2010
-
Countries are responding in different ways to the new OECD transfer pricing guidelines, which were updated this year after some years of discussion. September 22, 2010
-
An annual study has called for African countries to deal with transfer pricing abuse to help move towards more effective, efficient and fair taxation across the continent. While in South Africa, new transfer pricing proposals fail to cover all the changes that were hoped for. June 02, 2010
-
Franz Tomasek, head of legislative research and development for the South African Revenue Service (SARS), explains how companies are selected for audit and reveals the many possible methods for dispute resolution available in the country. April 21, 2010
-
Batanayi Katongera of Olswang explores the practicalities of designing and implementing a dynamic global transfer pricing policy document. April 14, 2010
-
Maxim Alekseyev, Olga Chugunova and Olga Roslova of ALRUD law firm explain what taxpayers need to be aware of before significant changes are introduced to the transfer pricing rules in Russia. April 12, 2010
-
Jan-Paul Borman and Amit Chadha of PricewaterhouseCoopers in South Africa discuss how economic pressures and the recent budget have sharpened the tax authorities’ attentions on transfer pricing. April 12, 2010
-
Transfer Pricing Associates (TPA) has entered into a strategic alliance with Bar-Zvi & Ben-Dov, a leading transfer pricing firm in Israel. March 24, 2010
-
The deputies of the lower house of the Kazakhstan Parliament (known as the Majilis) have passed a bill of amendments and additions to the country’s laws on transfer pricing. March 17, 2010
-
TPWeek is adding to the library of documentation guides on TPWeek. This week, Belgium, Japan, Malta and Romania are new. March 03, 2010
-
Ionut Simion and Blanca Kovari, of PwC in Bucharest, explain the Romanian tax authorities’ attitude towards transfer pricing documentation. March 01, 2010
-
Amr El Monayer, assistant to the deputy minister of the Egyptian Ministry of Finance explains what the new guidelines will cover, and when they will be released. February 25, 2010
-
AJ Bamidele of the Nigerian Federal Inland Revenue Service explains to TPWeek how Nigeria administers its transfer pricing regime. February 17, 2010
-
The head of the Egyptian tax authority has announced that a circular containing transfer pricing guidelines will soon be released. February 10, 2010
-
Multinational taxpayers in Africa will have to start developing their transfer pricing policies and documentation to deal with the increasing number of countries in the region putting guidelines in place or reforming what it already has. December 02, 2009
-
Russia’s long-awaited new transfer pricing law has been submitted to the government and could be implemented in July next year. November 11, 2009
-
Five months after the Sultanate of Oman released information on the country’s first ever set of transfer pricing rules, little is still known about what they cover. November 04, 2009
-
Taxpayers in Africa need to be well prepared with robust transfer pricing documentation to face scrutiny of their arrangements, panellists at a recent conference said. October 14, 2009
-
Tax authorities are bulking up their dedicated transfer pricing resources and gearing up for more audits and disputes, a major international survey says. October 07, 2009
-
Transfer pricing has never been under so much scrutiny from taxpayers and tax authorities. Profits and, consequently, tax receipts are dwindling, as the recession in the global economy has put company balance sheets and national revenues under extreme pressure September 03, 2009
-
Nigerian taxpayers need to make greater efforts to comply with the country’s transfer pricing rules, a leading government official has said. July 29, 2009
-
Businesses are paying for less external advice as they try to save money during the economic downturn. Some have turned to software to help with transfer pricing documentation. July 28, 2009
-
Governments should strengthen transfer pricing regulations and enact a general anti-avoidance rule to address cross-border-compliance risks in the recession, an IMF report has said July 21, 2009
-
Russian tax professionals believe the country’s new transfer pricing regulations will bring in mo revenues, amid widespread transfer pricing abuses in the country’s natural resource sector. July 15, 2009
-
Transfer pricing has never been under so much scrutiny from taxpayers and tax authorities. Profits and, consequently, tax receipts are dwindling, as the recession in the global economy has put company balance sheets and national revenues under extreme pressure July 07, 2009
-
Transfer Pricing Associates, an independent provider of global transfer pricing and valuation services, is establishing operations in two new jurisdictions. July 02, 2009
-
The Sultanate of Oman has finally released details for the country’s first ever set of transfer pricing rules. June 22, 2009
-
Oman is set to introduce transfer pricing rules in an effort to attract further investment to the country June 03, 2009
-
The Russian tax authorities have issued a framework for the country’s long-awaited transfer pricing reform, meaning taxpayers will soon have to start revising their policies. May 27, 2009
-
As a result of the global economic downturn, governments all over the world are tightening their transfer pricing rules. Uganda's is the latest to examine these matters in more detail
April 29, 2009
-
A UK charity has called on the world’s leaders to target transfer pricing abuses, amid the fear that it is depriving the world’s poorest countries of an estimated $160 billion. April 22, 2009
-
Russia will adopt its long awaited revised transfer pricing legislation later this year, a government representative has said April 15, 2009
-
Egyptian taxpayers with related-party transactions will soon be required to provide a transfer pricing study to support such transactions under planned changes to the country’s tax laws. April 08, 2009
-
The issue of control was a key talking point at a conference on the transfer pricing aspects of business restructuring in London last week February 25, 2009
-
Australia and the Isle of Man have signed up to a mutual agreement procedure in transfer pricing disputes February 03, 2009
-
The Czech Republic government has changed the country's thin-capitalisation rules for the second time in a year. January 12, 2009
-
Tax authorities around the world are beginning to note the importance of looking at both transfer pricing and customs valuations when assessing multinational companies’ operations. January 06, 2009
-
It is now clear to tax authorities and taxpayers, says Pamesh Sharma of Thomson Reuters, that the economic downturn will offer unique challenges to the arm’s-length standard and the continuing search for evidence to support expected profit levels by economic function. December 17, 2008
-
Reforming transfer pricing in India will not be top of the agenda in next year’s budget, despite fears that the present system is too aggressive and a hindrance to business development. December 10, 2008
-
Poor countries have been warned against giving too many tax incentives and allowing transfer pricing abuses in their bid to encourage international companies to invest in their economies December 03, 2008
-
The South African Revenue Service has said it will crack down on transfer pricing abuse amid concerns that multinationals are using the method to boost balance sheets. November 26, 2008
-
Paul Flignor and Alan Granwell of DLA Piper investigate four of the major economic considerations for companies as a result of the OCED draft report. November 25, 2008
-
Batanayi Katongera of Thomson Reuters warns corporations everywhere that business restructurings are under more scrutiny than ever before in light of the OECD discussion draft on the topic. November 18, 2008
-
As world markets plunge, even one of the world’s poorest nations is beginning to worry about the implications for them, and is turning to transfer pricing revenues as a means of survival November 11, 2008
-
The Israeli Tax Authority (ITA) recently released the Income Tax Circular No. 3/2008 concerning transfer pricing November 05, 2008
-
Relaxing transfer pricing regulations is one method under consideration to assist Kazakh miners in trouble November 03, 2008
-
Russia’s weak transfer pricing regime is hindering the countries development and making the country less attractive to foreign investment, says a leading professional firm November 03, 2008
-
Mary Bennett, head of the tax treaty and transfer pricing division at the OECD, has defended the discussion draft on the transfer pricing aspects of business restructuring October 22, 2008
-
The Ministry of Mines and Energy in Namibia wants to amend a section of the existing Minerals Act to impose a royalty on all minerals mined or discovered during prospecting operations October 14, 2008
-
Ramazan Biçer, senior transfer pricing specialist in the transfer pricing division of the Turkish revenue administration, highlights the key issues of advance pricing agreements in Turkey October 08, 2008
-
John Hughes of Mayer Brown explains how taxpayers must raise the bar on transfer pricing documentation to stay inline with the new OECD discussion draft. October 06, 2008
-
Taxpayers in South Africa have been pushing the boundaries of tax compliance by taking contentious positions on transfer pricing, the annual report of the South African Revenue Service (SARS) says. September 30, 2008
-
Patrick Breslin from The Ballentine Barbera Group reports on the potential problems of US-Chinese cost sharing arrangements
September 29, 2008
-
Discussions on comparability and profit methods for transfer pricing purposes are set to continue after the OECD announced it would be holding face-to-face discussions with the business community.
September 25, 2008
-
Joanna Faith reports on the eighth Global Transfer Pricing Forum which drew together top names for two days in Rome September 25, 2008
-
Arbitration in transfer pricing is growing in importance and is becoming a popular alternative to litigation for tax authorities and taxpayers.
September 22, 2008
-
The OECD Committee on Fiscal Affairs has released for public comments a discussion draft on the transfer pricing aspects of business restructurings. September 22, 2008
-
Batanayi Katongera, senior transfer pricing manager at Thomson Reuters, discusses why there soon could be a heightened interest in comparability analysis in transfer pricing documentation.
September 22, 2008
-
Transfer Pricing Associates (TPA) Global has opened six new offices in Argentina, Brazil, Mexico, Switzerland and the US.
September 19, 2008
-
The OECD is expected to release a draft discussion on transfer pricing issues in business restructuring next week. September 17, 2008
-
The Indian government is set to decontrol the pricing of coal and give wide ranging powers, including determining transfer pricing in respect of captive coal and lignite (brown, lowest rank coal) mines, to the regulator.
September 12, 2008
-
New Zealand’s new double tax agreement with the Czech Republic has come into force as trade and investment between the two countries grows.
September 12, 2008
-
An increasing number of countries worldwide are introducing transfer pricing rules in an effort to widen their tax bases and improve enforcement, says a report by KPMG.
September 11, 2008
-
Taxpayers should take a more systematic approach to setting and documenting inter-company transactions as tax authorities worldwide seek to apply transfer pricing regulations more stringently, a new study says.
August 20, 2008
-
Russian Prime Minister Vladimir Putin has vowed to tighten transfer pricing regulations after he publicly accused one of the country’s leading steelmakers Mechel, of tax evasion.
August 07, 2008
-
A global audit board has taken steps to tackle the involvement of related parties in major corporate scandals by releasing new guidance. July 30, 2008
-
Khadir opens international tax practice in Bahrain
June 12, 2008
-
Government also introduces fees for advance pricing agreements June 12, 2008
-
ATO reports faster conversion from risk reviews into fully fledged audits
May 08, 2008
-
New amendment gives SARS much wider authority on disclosure April 17, 2008
-
Jonathan Lubick, of Ballentine Barbera, and Henriette Fuchs, of Tadmor Attorneys, in Tel Aviv, examine similarities in approach April 10, 2008
-
Jonathan Lubick, of Ballentine Barbera, and Henriette Fuchs, of Tadmor Attorneys, in Tel Aviv, describe the documentation evironment in Israel April 09, 2008
-
Mining contracts come under renewed scrutiny in Congo April 03, 2008
-
Kenya, Tanzania, Uganda, Rwandi and Burundi seek year end implementation March 25, 2008
-
Eran Shif, of Ernst & Young in Israel, describes the approach of the Israeli tax authorities to transfer pricing audits March 14, 2008
-
TP Week correspondent Jacques Van Rhyn, of PricewaterhouseCoopers, explains the environment for transfer pricing audits in South Africa March 14, 2008
-
Jacques van Rhyn, of PwC in South Africa, describes the policy of the South African Revenue Service (SARS) on transfer pricing documentation March 03, 2008
-
New Dubai assignment for Finnish TP practitioner February 14, 2008
-
Philip Muema, of KPMG in Kenya, outlines the documentation rules in Kenya February 13, 2008
-
Australian Taxation Office wants to stop flight of revenues January 24, 2008
-
Nick Houseman, Bill Yohana and Geoffrey Morris of PricewaterhouseCoopers Australia examine the implications of a new determination January 16, 2008
-
Deloitte in Turkey reports on key developments in Turkey’s transfer pricing policy January 03, 2008
-
East African government seeks to avoid transfer pricing on oil imports November 21, 2007
-
Preliminary result of a study by Ernst & Young in South Africa forecasts more transfer pricing audits November 13, 2007
-
The Israeli tax authorities have published a form for the reporting of cross-border transactions. November 01, 2007
-
South Africa’s draft Revenue Laws Amendment Bill, 2007 contains a group of changes to the South African transfer pricing rules. October 19, 2007