Transfer Pricing Regulations (LI 2188)

The Transfer Pricing Regulations, 2012 (LI 2188) in Ghana outline rules for transactions between related or associated entities, particularly multinationals, to ensure that such dealings are conducted at arm's length. The regulations set guidelines for pricing goods, services, intellectual property, and financial transactions between related parties to prevent profit shifting and tax base erosion. Key components include methods for determining arm’s length prices, documentation requirements, and reporting obligations. LI 2188 ensures that profits are appropriately taxed in Ghana, helping the Ghana Revenue Authority (GRA) assess fair and accurate tax liabilities for multinational companies operating within the country.