Namibia's transfer pricing regulations, implemented in 2005, are notably influenced by the prestigious OECD Guidelines.
What's particularly intriguing about Namibia's approach is the absence of specific documentation requirements, placing the onus on taxpayers to justify their policies based on fairness, methods used, and consistency with the arm's length principle.
This unique dynamic not only offers flexibility in choosing transfer pricing methods such as TNMM, CUP, RP, and CP but also places the burden of proof squarely on the taxpayer. This approach not only emphasizes accountability but also encourages adaptability, reflecting a nuanced and balanced framework for international business operations within Namibia.
Download the full Grant Thornton Africa Transfer Pricing Landscape Guide 2023/2024. This guide offers in-depth information and valuable insights into transfer pricing across various African countries, providing a comprehensive resource for understanding the evolving transfer pricing environment in each region.
