The Summary Information Table: All You Need To Know

Overview:

This course takes a practical approach on how to complete the Summary Information Table (SIT), which is required to be submitted by all entities engaged in related party transactions. It also explains the Transfer Pricing Questions & Answers listed on the Tax Department’s website.

Key Topics:

• How do I prepare and submit the Summary Information Table?
• What are the related party transactions per article 2 of the Income Tax Legislation?
• What are the categories of transactions that need to be reported?
• When do I need to upload a transfer pricing study?
• What is simplified documentation which must kept on file?
• What do we mean by safe harbour rules?
• Which are the most overlooked transactions in the context from a transfer pricing perspective?

• When is the deadline for submission and penalties for non-compliance?