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10 August 2016

South Africa Revenue Service releases revised Draft Notice on additional recordkeeping for transfer pricing transactions

The South African Revenue Service issued a revised draft notice on record-keeping requirements for "potentially affected transactions" on July 28. This Draft Notice, a revised version of a draft released in December 2015, contains a schedule of records, books of account or documents that must be retained by certain taxpayers.

A Tax Alert prepared by EY's Global Tax Desk Network, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1375

Document ID: 2016-1375

 

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