Share with your friends

South Africa: Tax authorities to focus on transfer pricing, Supplementary Budget 2020

South Africa: Focus on transfer pricing

The Supplementary Budget 2020 (presented 24 June 2020) includes the government’s commitment to strengthen public finances for faster and inclusive economic growth.


Related content

Improved tax collection and administration were specifically mentioned, and to achieve this goal, the South African Revenue Service will focus on increasing international tax collection, and one area highlighted is transfer pricing.

Therefore, taxpayers involved in cross-border transactions with connected or related persons need to determine that their compliance with South African transfer pricing rules is up to standard and that all transfer pricing policies are correctly implemented and aligned with legal agreements.

Read a June 2020 report [PDF 512 KB] prepared by the KPMG member firm in South Africa

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal