Introduction
In many developing countries, a major challenge which occurs in
related-party transactions is transfer pricing. A transfer price
can be defined as the price at which related parties (that is,
companies having existing relationship as a result of common
ownership or control) transact with one another. In such
circumstances, related parties have the tendency of transacting
business at a price lower or higher than the market value in other
to allocate profit for tax or other purposes. Transfer pricing can
deprive governments of their fair share of taxes as well as expose
corporate entities to possible double taxation. To combat these