Frequently Asked Questions
The link below will take you to a useful document published by the OECD with answers to many of these FAQ’s
https://www.oecd.org/ctp/beps-frequently-asked-questions.pdf
All cross border, related party transactions are to be taken into account when determining whether or not this filing threshold has been reached, including:
- Sales to offshore related parties;
- Purchases from offshore related parties;
- Service fees in relation to services rendered to, or received from, offshore related parties;
- Royalty payments received by, or paid to, offshore related parties;
- Dividends paid to or received from offshore related parties;
- Capital balances of loan to or from offshore related parties.
If you are unsure whether or not you have a filing obligation in South Africa, contact us to assist you.
Transfer pricing is a principal of accounting that refers to the fee or price that one division in a multinational entity charges out to another division in the same entity for any services and goods that have been provided.
Other for FAQ section:
SARS has published answers to a list of frequently asked questions relating to Transfer Pricing – refer to the link below: