HELSINKI: The Finnish tax authority signed a co-operation pact with the African Tax Administration Forum (ATAF) to support African tax authorities to implement changes to their international tax and transfer pricing regimes.
The co-operation deal, which will extend to the administrations of over 35 African nations, focuses on transfer pricing matters, including issues relating to taxation of permanent establishments and interest expenses.
The work will be largely guided by the Organisation for Economic Co-operation and Development’s base erosion and profit shifting (BEPS) project, and will build on talks to be held between African nations in Johannesburg.