South Africa: Proposed APA program

Comments are due by 31 August 2023.

Comments are due by 31 August 2023.

National Treasury on 31 July 2023 released draft legislation [PDF 238 KB] for a proposed advance pricing agreement (APA) program.

It is expected that initially South Africa will only entertain bilateral APAs. The proposed legislation includes the anticipated process, fees applicable, and requirements. Several items will require further clarification and detail, which are expected to be published in terms of public notices.

Comments are due by 31 August 2023, to be followed by public workshops and the release of National Treasury’s response document. It is unclear when the APA program would become effective.

Read an August 2023 report [PDF 216 KB] prepared by the KPMG member firm in South Africa



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