ARTICLE · 01 NOVEMBER 2022

Preparation For A Transfer Pricing Audit: Are You Ready?

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Alleged base erosion and profit shifting activities of multinational enterprises ("MNEs") have been a hot issue globally and therefore the chances of an MNE being confronted...

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Alleged base erosion and profit shifting activities of multinational enterprises ("MNEs") have been a hot issue globally and therefore the chances of an MNE being confronted with a transfer pricing audit have increased substantially over the last few years. Owing to the intense focus on transfer pricing by almost all tax authorities around the world, together with a growing focus on international exchange of information, it seems only a matter of time before any MNE will be subject to transfer pricing audit scrutiny.

Steps taken in preparation of a South African transfer pricing audit

Taxpayers need to proactively adopt strategies that will enable them to manage the risks associated with the transfer pricing audit.

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