UAE Transfer Pricing
The UAE Corporate Tax Law introduces mandatory Transfer Pricing requirements within businesses and between subsidiaries that operate under common control or ownership including cross-border and domestic transactions to operate arm’s length relationship pricing transactions.
If your business conducts transactions between related parties and connected persons, you are expected to implement a formal Transfer Pricing policy and rules.
This will include a Disclosure form, Master and local files detailing your formal policy, and pricing determination evidenced by empirical benchmarks. We deliver best practice guidance to define, optimise and reduce costs in your UAE Transfer Pricing model with continuous support to maintain your transfer pricing rules.
Our service is designed to assess UAE Corporate Tax impacts on your company structure, related/connected party transactional model, and reporting processes to minimise risks and manage an optimal Corporate Tax rate.
Our scope is complete and includes opportunities to define the most effective UAE Corporate Tax rate, structuring benefits, master and local documentation, and Transfer Pricing benchmarks. In addition, we can maintain your Transfer Pricing model as your business evolves.
As a registered FTA Tax Agency with a deep understanding of the Legislation, legal structuring, and expertise in Transfer Pricing rules and compliance for clients across multiple industries, we offer a full solution to your UAE Corporate Tax requirements.
*Initial Consultation is FREE
OUR DIFFERENCE
What Sets Our Service Apart
Experienced Advisors
Legislation Understanding
Optimise Tax Obligations
Implementation Support
OUR EXECUTION
How We Deliver
Assessment
Our assessment seeks to address all key aspects (from structuring to reporting) to ensure your business is fully prepared
GAP Analysis
We identify opportunities and risks to ensure the optimal Corporate Tax model is defined
Implementation
An overall plan is established to ensure your business is fully prepared. We can also assist you to effect necessary changes
Quality Controlled Delivery
Our service delivery is controlled through our mobile app and portal. We ensure you have access to a team to collaborate and consistently execute your requirements.
FAQs
What are related and connected parties?
Under UAE Corporate Tax Consultation Document, a wide range of definitions are provided but broadly a related party is an individual or entity that has a pre-existing relationship with a business through ownership, control, or kinship (in the case of natural persons).
A person will be considered as ‘connected’ to a business if he or she is an individual who directly or indirectly has an ownership interest in, or controls, the taxable person, a director or officer of the taxable person, An individual related to the owner, director, or officer of the taxable person to the fourth degree of kinship or affiliation, including by birth, marriage, adoption, or guardianship.
When are you obliged to manage Transfer Pricing?
For any businesses of a certain scale cross border or domestic transactions, you have the mandatory requirement to implement a transfer pricing policy.
What if all your entities are solely resident in the UAE, does Transfer Pricing still apply?
Yes, Transfer Pricing rules do not distinguish between domestic or cross border transactions
Will you require to maintain your Transfer Pricing documentation on a regular basis?
Yes, your business is most likely reacting to market changes in pricing and related party transactions. This naturally leads to changes to the master and local files that are reflected in pricing changes affecting your UAE Corporate Tax liabilities.
Corporate Tax Resources
UAE Business VAT Refund Scheme Bulletin
From 1 March 2022, the window is open for qualifying non-United Arab Emirates (UAE) established businesses to submit applications under the UAE Business VAT Refunds scheme.
Introduction of UAE Federal Corporate Tax
On 31 January 2022, the UAE MoF announced the introduction of a federal corporate tax. Under this announcement, CT will be effective for financial years starting on or after 1 June 2023.
VAT Update: Cabinet Decision No. 105 – Tax Penalty Settlement Scheme
The Federal Tax Authority (FTA) introduces administrative penalties installments and waivers scheme under the Cabinet Decision no. 105 of 2021 on the Procedures of Administrative Penalty Installments and Waivers.
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