Zambia, a large and landlocked country in the centre of southern Africa, is the continent’s second- largest copper producer. Copper is also Zambia’s most important export, accounting for 70% of export earnings.
ATAF members have reported that the use of third party and related party interest is one of the most prevalent and simple of the profit-shifting techniques used in Africa and poses a significant risk to African tax bases
In an increasingly globalised world most trade is carried out by multinational companies and a substantial part consists of transactions within group companies.
ATAF members have reported that issues relating to transfer pricing represents one of the highest risks to the tax base of African countries.
ATAF members have reported that issues relating to transfer pricing represents one of the highest risks to the tax base of African countries. According to the United Nations Economic Commission for Africa.
Income Tax Transfer Pricing Amendment Regulations
The African Tax Administration Forum (ATAF) and the German Federal Ministry for Economic Cooperation and Development (through the Gesellschaft fur Internationale Zusammenarbeit), have developed this toolkit for African tax authorities seeking to assess transfer pricing.