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

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Optimise Tax Obligations

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UAE Transfer Pricing

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

TESTIMONIALS

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SimplySolved ( Simply Solved Accounting & Tax Solutions ) did an excellent job on meeting customer’s expectations and always ready to go beyond the extra mile. SimplySolved managed to do it without putting anyone on the spot and making them feel uncomfortable. It’s always relieving to know that our doubts and questions are given answers real time. SimplySolved made our job easy!”

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“Our transactions are complex and we were unsure how to manage the new VAT rules, with Simply Solved they helped us fully comply to the FTA and submit our report with all the details available for us to understand”

VAT Registration

If you require a go to company for your accounting, invoicing needs and VAT registration service to help you through all the challenges set by the Authorities – They are amazing and so helpful and supportive. They set everything up, gave great training and support throughout. As a small business the help and support from someone who is experienced is a huge relief and an asset to any organisation.

VAT RegistrationSimply Solved is the partner you need to get your tax registration done and get the administrative tasks of accounting done in a timely and professional manner. Their dedicated account managers make the whole effort easy and painless.

VAT Registration

Excellent service provided by Haroon and his team. Highly recommend for tax advice. They are prompt, professional and an expert in this field. Looking forward to working in partnership with Simply Solved for our tax and accounting requirements. Thanks for the assistance so far!

VAT Registration

Very professional and efficient service. I would highly recommend using their Accounting and Tax services as they are knowledgeable and trustworthy.

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I have been detailing with your company since day 1 of FTA vat in UAE that’s 1st Jan 2018
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Whether you have an existing Accounting, Finance, VAT, Corporate Tax, Employee Management & Payroll and ERP & E-Commerce Integration function operating its own system & process, or a small or medium company needing complete outsourcing services, we have the flexibility to serve your business.

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Office M11, Curve Building, Sheikh Zayed Rd Dubai Al-Quoz 3 Dubai, PO Box 116701 United Arab Emirates


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