The GTC provisions regarding transfer pricing and anti-avoidance rules apply as of 31 December 2012. Accordingly, the new rules apply on corporate profits derived in 2012 and due to be assessed in 2013.
The most significant changes regarding these rules are summarized below.
Transfer pricing
(a) Statutory framework
| - | The tax authorities are entitled to reintegrate to the taxable profits of Senegal resident companies or bra… |