ARTICLE · 24 AUGUST 2020

Taking Stock – Transfer Pricing Developments In The First Six Months Of 2020

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The Coronavirus (COVID-19) crisis and its devastating effects on societies and economies across the globe has made 2020 a year of extra-ordinary circumstances.

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The Coronavirus (COVID-19) crisis and its devastating effects on societies and economies across the globe has made 2020 a year of extra-ordinary circumstances. This which makes it difficult to keep track of ongoing developments which, under normal circumstances, would be under the spotlight. Below is a short summary of some of the important international and local South African developments in the area of transfer pricing. In a second article to follow, we will summarise the latest transfer pricing related developments on the African continent.

OECD

Digitalisation of the economy

The transfer pricing related topic that received the most media attention in 2019 was the search for a consensus-based long-term solution to the tax challenges arising from the digitalisation of the economy. This was not only the result of the complexity of the topic, but also because it appeared to have become the pawn of widely differing economic interests. This threatened the

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