Uganda tackles transfer pricing
April 29, 2009
As a result of the global economic downturn, governments all over the world are tightening their transfer pricing rules. Uganda's is the latest to examine these matters in more detail
In the past transfer pricing was not a significant area of focus for the Uganda tax authorities when auditing multinational corporations. However this is set to change. One of the key risks the authorities are concerned about is that multinational companies (MNCs) will transfer monies earned from their profitable Ugandan subsidiaries to their parent companies in the western economies that are experiencing recession.
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