Transfer Pricing Services
Address today’s transfer pricing challenges with ACME’s comprehensive services and ensure your business aligns with OECD guidelines.
Transfer Pricing in the UAE
Transfer pricing is a key international issue for businesses, especially in cross-border transactions between related entities. These entities include not only those within the same corporate group but also those linked through direct or indirect control, such as control over the board of directors.
The main focus of transfer pricing is determining the prices for transactions between related companies. These prices must follow the arm’s length principle, ensuring they match the prices that would be charged in similar transactions between independent third parties under comparable conditions (market value).
Most Businesses in the UAE face challenges such as:
-
Compliance with Local Regulations
Ensuring adherence to the specific transfer pricing regulations of each country, which may differ significantly, is complex and time-consuming.
-
Documentation Requirements
Maintaining detailed and accurate documentation to support transfer pricing practices can be burdensome. This is critical to avoid penalties and disputes with tax authorities.
-
Benchmarking and Comparability Analysis
Finding comparable transactions or companies for benchmarking purposes can be difficult, especially in industries with unique products or services.
-
Global Consistency
Multinational companies often struggle to maintain consistent transfer pricing policies across all jurisdictions, which can lead to discrepancies and challenges in audits.
-
Managing Transfer Pricing Risks
Companies must continually assess and manage risks related to transfer pricing, including the risk of non-compliance and potential adjustments by tax authorities.
-
Related Party and Connected Persons
The approach for determination or identification of related parties and connected persons still needs further clarifications from the FTA's side
-
Impact of Digitalization
The rise of digital business models complicates the application of traditional transfer pricing methods, making it harder to allocate profits to different jurisdictions.
-
Cost Allocation and Profit Splitting
Allocating costs and profits accurately between related entities, especially for intangible assets, is a significant challenge.
How Can We Help your business achieve compliance with our comprehensive approach?
Comprehensive Documentation & Study Preparation
Assistance in Maintaining Local File, Master File, CbCR
Efficient and Globally Aligned Transfer Pricing Models
Strategic Policy Drafting & Implementation
Assistance with TP Filings, Disclosures, & Certificates
Litigation Support & Dispute Resolution Services
Transfer Pricing Health Check & Gap Correction
Impact Analysis of Transfer Pricing & Tax Updates
Customs Valuation & Transfer Pricing Policy Integration
Transfer Pricing compliance is necessary for businesses operating in the UAE, but the complexities can be overwhelming. We at ACME Group simplify these regulations and provide you with the key steps to ensure full compliance and help your business align with the UAE’s Transfer Pricing framework.
Book your Consultation
Other Services
Related Posts
GCC Tax and Financial Updates August 2024
This article was published on 4 September 2024. Introduction As we enter August 2024, the GCC region continues to witness changes in …
GCC Tax and Financial Updates July 2024
This article was published on 5 August 2024. Introduction We are delighted to present the July 2024 edition of the GCC Tax …
The UAE’s Corporate Tax | Federal Decree-Law No. (47) of 2022
The United Arab Emirates (UAE) issued Federal Decree-Law No. (47) of 2022, known as the “Corporate Tax Law,” on December 9, 2022. …
Understanding Corporate Tax Administration in Oman
Navigating corporate tax administration in Oman is crucial for businesses to ensure compliance and avoid potential pitfalls. This article provides a comprehensive …
Understanding Corporate Income Tax in Saudi Arabia
In the ever-evolving landscape of global finance and business, understanding the nuances of corporate income tax is crucial for companies operating in …
Explore More Corporate Tax FAQs
Join our Newsletter!
Receive updates on the latest News, Events, Webinar and more.
WhatsApp/Call
+971 52 797 2066
Email Us
info@acme-group.me
Website
acme-group.me