Madagascar: Transfer pricing documentation requirements
Guidance concerning the transfer pricing documentation requirements for taxpayers in Madagascar
Concerning transfer pricing documentation requirements for taxpayers in Madagascar
The Ministry of Economy and Finance in early June 2021 issued guidance concerning the transfer pricing documentation requirements for taxpayers in Madagascar.
The transfer pricing documentation requirements include an obligation to prepare and submit a Master file and a Local file.
- The Master file and Local file requirements are largely based on recommendations from the Organisation for Economic Cooperation and Development (OECD).
- The Master file and Local file requirements apply for any company engaging in cross-border transactions with related parties, regardless of the amounts of the transactions.
- The transfer pricing documents are to be submitted in French, but if presented in any other language, a certified document is to be presented along with the translation into French, together with the original documents.
- The transfer pricing documents can be submitted electronically via the tax authority’s online platform or filed as hardcopy documents to the appropriate department. There is a schedule of due dates for filing the transfer pricing documents. An extension has been granted until 31 October 2021 for companies with a 31 December 2020 year-end.
- Taxpayers must maintain the transfer pricing documentation for a 10-year period.
Read a July 2021 report [PDF 113 KB] prepared by the KPMG member firm in Mauritius
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained 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.