The above handbook was circulated for comments on 30 April 2013, setting out key suggested information how tax authorities should go about conducting transfer pricing audits.

The DRAFT was presented at a recent Africa TP Summit, which caused a bit of a scene with the South African Revenue Service authorities who stormed out of the presentation suggesting that the Professor who was presenting the content of the OECD DRAFT for delegates to take note of its details, was misrepresenting SARS. Delegates, and some later SARS officials were confused by this. But it does indicate that SARS seems to think it should not pay attention to international benchmark standards developed by the OECD, despite the fact that South Africa has observer status at the OECD, and its former Commissioner, now Minister of Finance, Pravin Gordhan was Chairperson of its Tax Administration Forum. Read More