Supreme Court · 20 August 2025

Zambia Revenue Authority v Nestlé Zambia Limited (APPEAL NO. 03/2021) [2025] ZMSC 20 (20 August 2025)

Taxpayer bears burden to disprove assessment; aggregation and documentation requests permissible; comparables must be economically comparable. Flynote Tax — Transfer pricing: burden of proof on taxpayer; aggregation of related‑party transactions permissible where closely linked; Commissioner’s power to request transfer‑pricing documentation under s.47(1)/s.58(a); functional analysis supports low‑risk distributor classification; comparables must be economically comparable; limits on Tribunal ordering reassessments; treatment of unrealised forex losses. Read full summary

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