An updated draft Interpretation Note on intra-group loans has been issued by SARS for public comment
In light of changes in legislation and the release of the OECD Transfer Pricing Guidance on Financial Transactions in 2020, SARS has issued an updated draft of its Interpretation Note on intra-group loans.
The much anticipated Interpretation Note is aimed at providing taxpayers with guidance on the application of the arm’s length principle, in the context of the pricing of intra-group loans. Mazars is considering the draft Interpretation Note and will be providing commentary to SARS by the deadline of 29 April 2022.
A copy of the draft Interpretation Note can be accessed here.
15/02/2022