Transfer Pricing Consulting | AKW

Description

The introduction of Transfer Pricing provisions alongside the UAE Corporate Tax Law (CT Law) has brought significant changes for businesses operating in the UAE. The Federal Tax Authority (FTA) recently released a detailed guide to assist businesses in understanding and complying with Transfer Pricing rules. This guide offers valuable insights on identifying controlled transactions, conducting functional and comparability analyses, and determining arm’s length pricing for transactions between related parties. It also emphasizes the importance of maintaining proper documentation, such as local and master files, for businesses that meet certain thresholds. The FTA’s guidelines align with OECD standards, and companies are encouraged to adopt robust benchmarking practices when determining transfer prices. For businesses navigating this complex process, transfer pricing consulting can provide the necessary expertise to ensure compliance with both local regulations and international standards. Reach out to AKW Consultants for guidance on UAE Transfer Pricing and tax compliance.