Botswana's Ministry of Finance and Economic Development has issued the Income Tax (Transfer Pricing) Regulations 2019 of 12 July 2019. The regulations provide specific rules for the implementation of the general transfer pricing rules approved at the end of 2018. Key points include the following: Taxpayers are required to prepare transfer pricing documentation (Local file) in respect transactions with connected (related) persons, although for domestic transactions, the documentation requirements only apply for transactions where one or both parties is an International Financial Services Center (IFSC) company; The Local file requirements are generally in line with OECD guidelines and must be...