TAX MATTERS: Drawing parallels, links between TP and VAT

https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-270233.mp3?cb=1732295258.mp3Value Added Tax (VAT) and transfer pricing (TP) are largely viewed as two separate fields of tax. Adjustments to one area have limited and predictable consequences for the other area. VAT is a transaction-based tax and it is levied on supplies of goods and services. A supply is taxable for VAT purposes if parties have…