New MNE, IFSC tax commences, albeit late

Hore says the changes are good , though late
Hore says the changes are good , though late

The Minister of Finance & Economic Development, Dr K Matambo published the much-awaited Transfer Pricing regulations through Income Tax (Transfer Pricing) Regulations 2019 on July 12, 2019.

The regulations took effect as from the date of publication (July 12, 2019) but were expected sometime in March 2019 as the Transfer Pricing law contained in the Income Tax Act could not be implemented without the regulations.

The regulations therefore came very late as the transfer pricing laws were supposed to commence on July 1, 2019, hence the expectation that the regulations should have been out about three or so months before commencement to give taxpayers time to acquaint themselves with the laws.

Editor's Comment
Something ought to be done about deadly A3 Road

The accident which happened near Marapong village comes after yet another horrific accident which claimed 16 lives in July last year near Hubona. These stats don’t include other accidents where fatalities were not as many as the two.While several factors may have contributed to the two accidents and many others, many believe the biggest with that road is the bad state that the road is in. Unconfirmed reports in the most recent accident state...

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