Mali's Parliament adopted the Budget for 2017 on 16 December 2016 and the Finance Act for 2017 was enacted on 21 December. The main change is the introduction of new transfer pricing rules. Previously, Mali had no specific transfer pricing regime, although the tax authority was empowered to adjust the tax base when transactions with non-resident parties are not conducted at arm's length. The main aspects of the new transfer pricing rules are as follows:
- Related parties are defined to include…