Calculating numbers for income tax return with glasses pen and calculator

Transfer Pricing Awareness Survey

There have been significant developments in the international tax and transfer pricing space since the publication of the Transfer Pricing (TP) Regulations in Nigeria.

In 2017, we conducted our first Transfer Pricing survey to gauge taxpayers’ awareness of TP compliance requirements, TP risk assessment and audit preparedness. This year, we are pleased to present the findings from the second edition of our survey. For this edition of the survey, we had 56 respondents, representing the major industry sectors.

Based on the feedback provided by the respondents, the level of awareness of the TP compliance requirements appears to have improved over the past year. Also, in light of the outcomes of the Base Erosion and Profit Shifting (BEPS) project and the increased experience of the Nigeria tax authorities with respect to TP, taxpayers are doing more to appropriately plan and manage their related party transactions. This is to avoid material additional tax liabilities in the event of a TP audit.

 Please download the survey here
KPMG Africa

About KPMG Africa

The KPMG Africa blog is where we keep you globally connected by providing you with locally relevant content to create great conversation.

,

No comments yet.

Leave a Reply

LEGAL PRIVACY POLICY
Twitter Linkedin Facebook YouTube RSS