Case for Tanzania adopting advance pricing agreement

Tanzania Revenue Authority commissioner general Alphayo Kidata speaks at a past event. The advance pricing agreement is a written pact between a taxpayer and one or more tax authorities covering the pricing of related party transactions. PHOTO | FILE

What you need to know:

  • The exact term the EC used is ‘illegal state aid’. We are yet to see closure to this case which is perhaps going to set some precedent. This tells us that the future of international taxation is far from predictable and the current laws have some catching up to do with the modern realities of global businesses. What we know is that Ireland has appealed the decisio