South Africa: Additional transfer pricing documentation rules are finalized

South Africa: Transfer pricing documentation rules

The South African Revenue Service on 28 October 2016 published a final notice regarding additional transfer pricing documentation requirements.

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The additional transfer pricing recordkeeping requirements apply for companies with cross-border related-party transactions exceeding R100 million. Once the R100 million threshold is met, the additional recordkeeping requirements apply to all transactions exceeding R5 million. The new requirements apply for years of assessment beginning on or after 1 October 2016—that is, for companies with a financial year ending on or after 30 September 2017.

 

Read a November 2016 report [PDF 94 KB] prepared by the KPMG member firm in South Africa

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