Madagascar's Ministry of Finance has announced the adoption of the Amending Finance Law (Bill) 2024 without amendments by both chambers of parliament on 11 June 2024. This includes amendments further to the Finance Law for 2024, which was approved in December 2023.
Some of the main measures concern transfer pricing, which include the following with further amendments from the Amending Finance Law:
- The addition of a new provision that the arm's length principle applies to all domestic tr…