The Jamaican government has submitted draft transfer pricing legislation to the House of Representatives. The legislation was developed with the assistance of the OECD and will apply to multinational companies with affiliates in Jamaica and to Jamaican companies with resident and/or non-resident affiliates. The draft includes specific rules concerning:
- Transactions with unrelated parties resident in a tax haven;
- The transfer pricing of intangibles;
- Payments of management fees and royalties …