AFFILIATED COMPANY TRANSACTIONS. (a) Any services including services in respect of the purchase and acquisition of materials outside Ghana provided by an affiliated company shall be obtained only at a price, which is fair and reasonable. The Company shall, at the request of the Minister, provide such justification of costs as may be required, duly supported by an Auditor’s certificate if necessary.
AFFILIATED COMPANY TRANSACTIONS. 9.1 Transactions including the purchases of goods and services and the provision of loans and the accrual of interest between Golden Ridge and an Affiliate or any other Person of whom Golden Ridge or an Affiliate of Golden Ridge is a controller shall unless otherwise provided by this Agreement or applicable Law be conducted on an arm’s length basis as would occur between unrelated parties and as required by Law. On request from the Government, Golden Ridge shall provide documentation of the prices, discounts and commissions and a copy of any contracts and other relevant documentation related to transactions with Affiliates.
AFFILIATED COMPANY TRANSACTIONS. Sales of goods and services to the Company by its Affiliates shall be at an arm’s-length fee negotiated between the Parties in substantial accordance with the substantive principles and guidelines set forth in the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations published by the Organization for Economic Cooperation and Development or subsequent substantive guidelines having a similar purpose agreed to by the Parties. It is understood that in accordance with such guidelines, sales to Affiliates shall be made only at prices based on or equivalent to arm’s-length sales and in accordance with such terms and conditions at which such agreements would be made if the parties had not been Affiliates. Any discounts or commissions allowed to Affiliates must be no greater than the prevailing rate so that such discounts or commissions will not reduce the net proceeds to the Company below those which it would have received if the parties had not been Affiliates. No discounts or commissions shall be allowed in respect of any sale to an Affiliate for consumption by it. Upon request of the Government, the Company shall provide to the Government documentation of the prices, discounts and commissions, and a copy of all contracts and other relevant documentation related to sales to Affiliates.
AFFILIATED COMPANY TRANSACTIONS. Comments indicated that this article must give greater consideration to compliance with existing regulations, including WTO regulations, and should allow for extenuating circumstances. Other comments noted that the article should be based on generally accepted international accounting principles instead of on generally accepted accounting principles in the host country. Comments also indicated that the article must ensure that transfer pricing yields balanced returns to both the company and the state.
AFFILIATED COMPANY TRANSACTIONS. (a) Any services including services in respect of the purchase and acquisition of materials outside Ghana provided by an affiliated company, which are normally required by the Company shall be obtained only at a price which is fair and reasonable. The Company shall, at the request of the "Secretary", provide such justification of costs as may be required, duly supported by an Auditor's certificate if necessary. (b) Any other transactions between the Company and an affiliated Company shall be on the basis of competitive international prices and such other terms and conditions as would be fair and reasonable had such transactions taken place between unrelated parties. (c) The Company shall notify the "Secretary" of any and all transactions between the Company and an affiliated Company and shall supply such details relating to such transactions as "The Secretary" may by notice reasonably require.
AFFILIATED COMPANY TRANSACTIONS. 9.1 Transactions including the purchases of goods and services and the provision of loans and the accrual of interest between NGGL and an Affiliate or any other Person of whom NGGL or an Affiliate of NGGL is a controller shall unless otherwise provided by this Agreement or applicable Law be conducted on an arm’s length basis as would occur between unrelated parties and as required by Law. On request from the Government, NGGL shall provide documentation of the prices, discounts and commissions and a copy of any contracts and other relevant documentation related to transactions with Affiliates.
AFFILIATED COMPANY TRANSACTIONS. Sales, leases, licenses and other transfers of goods and services between the Company and its Affiliates shall be at an arm’s-length fee basis negotiated between the Parties in substantial accordance with the substantive principles and guidelines set forth in the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations published by the Organization for Economic Cooperation and Development or subsequent substantive guidelines having a similar purpose agreed to by the Parties. Any discounts or commissions allowed in transactions between the Company and its Affiliates shall be no greater than the prevailing rate so that such discounts or commissions will not reduce the net proceeds below those which it would have received if the parties had not been Affiliates. Upon request of the State, the Company shall provide to the State documentation of the prices, discounts and commissions, and a copy of all contracts and other relevant documentation related to transactions with Affiliates.
AFFILIATED COMPANY TRANSACTIONS a. Any transaction between the Company and an affiliated company shall be on arm’s length basis, consistent with the Transfer Pricing Regulations, 2012 (L.I. 2188) and International best practice.
