ZIMBABWE: Income tax (transfer pricing documentation) regulations 2019 issued

ATL-Editor 20 June 2019

The Minister of Finance and Economic Development issued the Income TaxIncome Tax is a direct levy imposed by governments on the income generated by individuals, corporations, and other entities within a specific jurisdiction. It serves as a major source of revenue for governments and funds various public expenditures, such as infrastructure projects, healthcare, education, national security, and welfare programs. The tax is generally calculated as a percentage of the taxable... More (Transfer PricingTransfer pricing is a fundamental concept in international taxation that defines the pricing methods and rules applied to transactions between related entities within a multinational enterprise (MNE). In the context of tax regulations, it governs how prices for goods, services, or intangibles (such as intellectual property) are set when these items are exchanged between different branches, subsidiaries, or affiliates of... More Documentation) Regulations 2019 by Statutory Instrument 109 of 2019 on 10 May 2019. The regulations became effective on the same date and detail documentation to be submitted (in English) within seven days from the date of a written request by the commissioner.

Sources include IBFD’s Tax Research Platform; www.allafrica.com; http://tax-news.com

Categories: FP News

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