Transfer Pricing Regulations, 2020 🇬🇭

Ghana

L.I. 2412

Transfer Pricing Regulations, 2020

Published in Government Gazette on 10 August 2020
Assented to on 7 August 2020
Commenced on 2 November 2020
[This is the version of this document from 10 August 2020.]

In exercise of the power conferred on the Minister responsible for Finance by subsection (3) of section 31 and paragraph (a) of subsection (1) of section 127 of the Income Tax Act, 2015 (Act 896), these Regulations are made this 7th day of August, 2020.

Preliminary

1. Application of Regulations

These Regulations apply to

(a)an arrangement between persons who are in a controlled relationship under the Act; and

(b)an arrangement between persons who are regarded as being in a controlled relationship under any other tax law.

The Arm's Length Standard

2. Arm's length standard

(1)A person who enters into an arrangement with another person with whom that person is in a controlled relationship, shall compute the income or expenditure arising from that arrangement according to the arm's length stan…

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