transfer pricing fraud in the ghana s mining sector

The state of mining in Africa | Energy and Resources

2019-10-10 · Transfer Pricing; Industries. What's new. Deloitte perspectives. Leadership perspectives from across the globe. This is the second edition of the Deloitte State of Mining in Africa report and is a consolidated point of view of the Deloitte mining leaders across Africa Download the report

are of most practical relevance to mining companies' activities. The new standards on joint arrangements, consolidated financial statements and disclosure of interests in other entities will be of particular interest to companies in the mining sector. The debate about specific guidance for exploration, evaluation, development and production of...

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Insights

2019-10-14 · Welcome to the KPMG knowledge base of research that demonstrates our understanding of complex business challenges faced by companies around the world.

2019-8-26 · mining industry contributes the most to the country's total exports. The country is a major exporter of coal, gold, diamonds, platinum, wool, sugar, manganese and chrome ores, as well as base minerals, such as iron ore. It also is an exporter of fruit and animal hides and skins. However, South Africa is increasingly adding value before exporting....

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Transfer Pricing in the Mining Sector

2016-8-24 ·  Transfer pricing is a business practice that consists of setting a price for the purchase of a good or service between two "related parties" (e.g., subsidiary companies that are owned or controlled by the same parent company). Transfer pricing becomes abusive

2015-4-16 · CURRENT CHALLENGES IN REVENUE MOBILIZATION: IMPROVING TAX COMPLIANCE The IMF's transparency policy allows for the deletion of market-sensitive information (EIs) and avoidance by multinational enterprisesincluding transfer pricing and other issues related to the G20-OECD 'BEPS' projectin, respectively, IMF (2010, 2011a, 2012 ...

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Ghana

Ghana Reconstruction Import Credit Project (English) Abstract. The First Reconstruction Import Credit Project will make available US$40 million to help meet the priority import requirements of the Government of Ghana's economic recovery program. These funds

2019-10-14 · Ghana is the second largest gold producer in Africa and ninth largest in the world. In 2016 gold production accounted for 2.5% of world gold production with an outturn of 3,843,446 oz up from 2015 outturn of 3,623,740 oz. Diamond production has been on a decline....

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Transfer pricing in mining with a focus on Africa

Transfer pricing in mining with a focus on Africa : a reference guide for practitioners (English) Abstract. This book 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).

2017-11-22 · Today, the World Bank approved a $20 million IDA Grant for the second phase of the Extractive Industries Technical Assistance Project (EITAP 2) to help strengthen governance, increase geological knowledge, and support the artisanal mining sector in the country....

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2017 Tax Guide for Petroleum Operations in Ghana

PwC Tax Guide for Petroleum Operations in Ghana 3 Message from Ghana's Tax Oil and Gas Leader I t is with great pleasure that we present you with the 2017 issue of our tax guide for the upstream petroleum sector in Ghana. There have been a few developments since our last edition in 2015. Primarily, the introduction of the Income Tax Act, 2015

2015-6-29 · The transfer pricing in purpleheart, wamara and other log exports is a very good example of why forensic audits in the natural resources sector are urgently needed....

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African Minerals Development Centre Stories | United

Africa aims to learn from Chile's success in mining sector. N'Djamena 1 June 2017. ECA Press Release . Chad launches the Country Mining Vision African tax authorities equipped with tools to deal with transfer pricing issues. Addis Ababa 21 March investment and diversification in African mining: Ghana under the spotlight. Cape Town

2019-8-7 · THE INSTITUTE of Economic Affairs (IEA) has registered its displeasure at the tax approach adopted by the Finance Minister to make up for government's shortfall in revenue for the second half of ...

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African Minerals Development Centre | United Nations

Dar es Salaam, 21 March 2017 (ECA) The African Minerals Development Centre (AMDC) together with the Minerals and Energy for Development Alliance (MEfDA) and the World Bank, has delivered the first of two regional workshops on transfer pricing in Africa's mineral sector.

2019-10-14 · The Fifth OECD Forum on Tax and Crime took place in London on 7-8 November 2017. This event provided a unique opportunity to come together and discuss the global response to the changing nature of tax crimes and other financial crimes....

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Ghana now a lower middle income country He said this when he presented the 2012 budget statement to parliament adding that "the country's estimated tax revenue-GDP ratio of 16.5 percent ...

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Spain: National Court rules intragroup debt

Spain: National Court rules intragroup debt transaction constitutes fraud of law The Spanish National Court (Audiencia Nacional) gave its decision on 14 November 2013 in the case of Sabic Innovative (previously GE Plastics de España) against the tax administration (Appeal 367/2010). Details of

2015-6-29 · The transfer pricing in purpleheart, wamara and other log exports is a very good example of why forensic audits in the natural resources sector are urgently needed....

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The Tax Treatment of the Mining Sector: An IMF Perspective

2004-9-24 · The Tax Treatment of the Mining Sector: An IMF Perspective Emil M. Sunley and Thomas Baunsgaard1 This session of the workshop addresses the question of whether the development of the mining sector requires a sector specific taxation regime. The simple answer is "Yes." The government, as resource owner, has a valuable asset in the ground.

2016-7-5 · Transfer Pricing in the Extractive Sector in Ghana There is no specific transfer pricing penalty. Any additional tax raised following a transfer pricing adjustment will be deemed underpaid and therefore subject to normal penalties under the Income Tax Law. It is important to note that there is no...

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Ghana News, News in Ghana, latest in ghana, Business

2  · Ghana News, News in Ghana, latest in ghana, Business in Ghana, Entertainment in Ghana, Top Stories, Headlines in Ghana, Politics in Ghana, Elections in Ghana, Sports

PwC CN: Publications

Financial Services Tax News Flash: Transfer Pricing (Jul 2019) Departmental Interpretation and Practice Notes No. 60 Hong Kong issues guidance on its adoption of the Authorised OECD Approach to attribution of profits to

Global relations calendar of events 2019

2019-10-15 · Each year, the Global Relations Programme (GRP) holds around 60 events on a variety of international tax policy and administration topics bringing together some 2000 serving tax officials from over 100 countries in over 20 venues globally.