Book published by the World Bank
Summary:
This publication presents the results of a study on transfer pricing (TP) with specific focus on mining in Africa commissioned in early 2014 by the World Bank Group (WBG) in partnership with the International Mining for Development Centre (IM4DC). The study, which was coordinated by the Centre for Exploration Targeting (CET) and benefitted from inputs from a range of other relevant organizations, represents a component of a more broadly based effort undertaken by the WBG and IM4DC to identify the needs of, and strengthen the mining taxation administration and collection frameworks and capacity of, mineral-rich tax jurisdictions in Africa as well as other developing countries. This reference guide is a part of the wider WBG engagement in supporting countries with Domestic Resource Mobilization (DRM) by protecting their tax base and has benefitted from effective collaboration with the International Finance Corporation, and with the South African Revenue Service (SARS). Because of its specific focus on the mining sector, this reference guide represents a valuable complement to the WBG’s more broadly based handbook on “Transfer Pricing and Developing Economies” which is being published concurrently with it. References to relevant chapters of this handbook are provided for readers throughout the report. While mineral commodity prices have fallen significantly since their peak in 2012, lessening somewhat the political pressure to reform and build administrative capacity in mining taxation, they will invariably recover in the medium term. It would be foolish not to recognize that mining will continue to be a cornerstone of economic development in Africa and, as a consequence, pressing on to resolve mineral taxation related issues is a matter of urgency.
Phase III of the project has now been planned to cover the production of an abridged version of the handbook written for a less versant, broader audience with specialized tax matters and practical training materials to support future training workshops specifically focused on transfer pricing in mining to be delivered in Africa and elsewhere.
Download full book: https://documents1.worldbank.org/curated/en/801771485941579048/pdf/112346-WP-TransferPricingInMiningWeb-PUBLIC.pdf
Guj, P., Martin, S., Maybee, B., Cawood, F., Bocoum, B., Gosai, N. and Huibregtse, S. Transfer Pricing in Mining with a focus on Africa: A Reference Guide for Practitioners, World Bank, Washington, January 2017. pp. 303.
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