The TP rules in Tanzania emphasize fair and transparent business transactions and require TP documentation for related-party transactions exceeding TZS10 billion.

Incorporating economic analysis and benchmarking studies, these regulations position Tanzania as a business-friendly environment that values compliance and transparency.

Penalties for non-compliance underscore the government's commitment to fair business practices. The introduction of Advance Pricing Agreements offers an exciting prospect for businesses to engage with the tax authorities.

These regulations go beyond mere compliance requirements, presenting an opportunity for businesses to operate within recognized global standards, reflecting Tanzania's dedication to ethical and transparent business practices.  

For a comprehensive overview of the transfer pricing landscape in African countries and detailed insights, download the full Grant Thornton Africa Transfer Pricing Landscape Guide 2023/2024.