Senegal's Minister of Finance and Budget has issued Order No. 162/MFB/DGID/DLCI/BCI of 27 July 2023 (Order No. 162), which defines (expands) the content of the transfer pricing documentation required in accordance with Article 638 of the General Tax Code. As per Article 638, a Senegal company meeting the following conditions must make available transfer pricing documentation in respect of transactions with foreign related parties: Has a turnover of XOF 5 billion or more; Holds at the end of the relevant fiscal year, whether directly or indirectly, 50% or more in the capital or voting rights of a resident or non-resident...