Tanzania has published the Tax Administration (Transfer Pricing) Regulations, 2018, which update and replace the Income Tax (Transfer Pricing) Regulations, 2014. The key points of the regulations are as follows:
- Transfer pricing documentation submission requirements are introduced for taxpayers with annual related party transactions exceeding TZS 10 billion, with the documentation to be submitted with the tax return (if below the threshold, documentation should be prepared by the return and…