Tax Administration (Transfer Pricing) Regulations, 2018

What is the impact of the Tax Administration (Transfer Pricing) Regulations, 2018?

SUMMARY

  • The Tax Administration (Transfer Pricing) Regulations, 2018 came into effect by way of Government Notice 166 published on 27 April 2018. However, these Regulations were released to the public on 21 November 2018. It is our understanding that these Regulations shall apply with effect from the date of release. The previous Transfer Pricing Regulations are therefore revoked.
  • The Regulations has factored recent global developments under Base Erosion and Profit Shifting (“BEPS”) project undertaken jointly by G20 countries and the Organisation for Economic Corporation and Development (OECD). This is an affirmation that United Republic of Tanzania is geared towards implementation of the BEPS action plan.

The key highlights of the Regulations have been highlighted in the attached newletter - read here: Tax Administration (Transfer Pricing) Regulations, 2018

Refer to our caveat here