n Without Prejudice - Beware those transfer pricing contraventions : intellectual property
|Article Title||Beware those transfer pricing contraventions : intellectual property|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Author||Anthony Van Zantwijk|
|Publication Date||Jul 2007|
|Pages||12 - 13|
Anyone owning intellectual property (IP) that is used by a connected person outside of South Africa, and that foreign connected person is not required to make market-related royalty payments for the use of the IP, is most probably contravening the transfer pricing provisions of our Income Tax Act as well as Exchange Control Regulations.
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