Seychelles releases draft transfer pricing guidance

The Seychelles Revenue Commission has released draft transfer pricing guidance, Public Ruling 2015-3, on the application of arms length principle.

The guidance, which implements Section 54 of the Business Tax Act, 2009, discusses transfer pricing methods, covers when transfer pricing adjustments can be made for fees charged for services or for intangibles, and transfer pricing documentation. The consultation runs from April 1–15.

See:

• Public Ruling 2015-3