Transfer Pricing Advisory Services in UAE

Let’s have a quick look at the services we offer.

Structuring Transfer Pricing Policy

In the Middle East, transfer pricing and its internal agreed-upon arm’s length concept are becoming more common. When interacting with the federal tax authorities, the corporate tax, accompanied by the correct transfer pricing strategy and paperwork, will be crucial. As a result, it is increasingly critical for businesses to have the correct resources and experts on their side in the future. A structured and well-defined TP policy will provide a roadmap for day-to-day operations. It will also ensure:-

1. Adherence to UAE Corporate Tax Laws
2. Proper guidance for decision-making
3. Streamline internal processes

Transfer Pricing Documentation

Businesses will be required to follow the OECD Transfer Pricing Guidelines’ transfer pricing standards and documentation. Proper documentation will aid taxpayers in demonstrating that their transactions comply with the arm’s length principle, so preventing transfer pricing problems. HLB HAMT is a tax consulting firm in UAE that specialises in transfer pricing regulations and international transactions.

As an experienced tax specialist in UAE, HLB HAMT can give guidance on maintaining proper and effective:

1. Local file
2. Master file

Transfer Pricing Disclosure Assistance

Businesses are under more responsibility than ever to handle their Transfer Pricing (TP) adherence and documentation in an effective manner. The TP disclosure form, as well as the fact that it is integrated inside and submitted as part of the CIT return, would be filed with the assistance of experienced tax consultants in Dubai such as HLB HAMT.

Country by Country Reporting (CbCR)

Large Multinational Enterprises (MNEs) in the UAE are required to file a report with the relevant parties at the end of each financial year, detailing the amount of revenue, profit or loss before tax, income tax accrued, income tax paid, tax residence of the constituent company, and so on, under the UAE’s Country by Country Reporting (CbCR) regulations, which took effect in 2019.

Transfer Pricing due diligence

Tax authorities are concentrating their efforts on transfer pricing. HLB HAMT, a well-known Dubai tax consultant provides services in conducting due diligence studies in order to detect possible risks and ensuring that transfer pricing rules and documents are followed.

According to the OECD Transfer Pricing Guidelines, businesses in the UAE will be forced to observe transfer pricing legislation and administrative formalities. Taxpayers should use the arm’s length principle to verify that related-party transactions are priced independently. The UAE’s move to a tax economy in response to increased competitiveness is both admirable and necessary since it promotes economic diversification and accountability. Implementing an authority’s rules and regulations has become critical, and a business should hire the best tax consultants like HLB HAMT to deliver transfer pricing services if they want to prevent any future issues.