Tanzania Transfer Pricing Regulations
On 7th February 2014, The Tanzanian Government published the Income Tax Transfer Pricing Regulations, 2014, Notice number 27 ("TP Regulations"), operational on the same date of publication.
The TP Regulations revoked Regulation 33(1) and Regulation 6 of the Tanzanian Income Tax Act. The revoked section & regulation provided for the application of the arm's length in calculating income between associates and that the arm's length shall be construed in the best manner that secures consistency with the transfer pricing guidelines in the Practice Notes issued by the Commissioner respectively. No Practice Notes had been issued.