Zambia Publishes New Transfer Pricing Regulations

Zambia published The Income Tax (Transfer Pricing) (Amendment) Regulations, 2018 in the Official Gazette on 6 April 2018. Main aspects of the regulations are summarized as follows:

• The regulations apply to companies resident in Zambia and permanent establishments in Zambia of nonresidents;
• In determining transfer prices, the most appropriate method should be applied among the five standard methods of the OECD guidelines, although another method may be applied if none of the five standard me…