SAICA submission on the Discussion Document on Advance Pricing Agreements

SAICA comments on on the discussion document entitled “Advance Pricing Agreements” released on 12 November 2020 proposing the gradual phased implementation of an Advance Pricing Agreements system in South Africa but only after other priorities, like curtailing BEPS, and precursors, like building transfer pricing capacity, have been addressed. This system will aid in promoting certainty with regard to transfer pricing for Multinational Enterprises operating in South Africa.