Tanzania Tax Agency Issues 2020 Transfer Pricing Guidelines

The Tanzanian Revenue Authority July 1 issued the 2020 transfer pricing guidelines. Topics covered include: 1) the scope and objectives; 2) the requirements for the determination and application of arm’s length principle; 3) methods for determining arm’s length prices for controlled transactions; 4) documentation requirements and the application of the OECD or UN model tax conventions when construing the arm’s length principle; 5) the application of the arm’s length principle to intra-group services, intangible property, and commodity transactions; 6) the scope and type of advance pricing arrangement (APA); and 7) methods, procedures, and entities eligible to apply for an APA. ...