n Tax Breaks Newsletter - Transfer pricing attack : motor industry under spotlight : transfer pricing

Volume 2006, Issue 251
  • ISSN :



Extracted from text ... 2 December 2006 Moneyweb's TAX BREAKS TRANSFER PRICING Transfer pricing attack: motor industry under spotlight By KATHY THERSBY THE SA Revenue Service is currently aggressively pursuing transfer pricing compliance in the motor industry, although transfer pricing legislation has been around since 1995. Jacques van Rhyn, tax director of PricewaterhouseCoopers, warns that many businesses in the industry are underestimating the capabilities of SARS and are not taking the matter of a potential transfer pricing audit seriously. "Industry players have their heads in the sand and need to stop ignoring the potential tax problems associated with the concept of transfer pricing. The ..

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