Transfer Pricing Audit Developments in the Middle East has been saved
Transfer Pricing Audit Developments in the Middle East
Practical cases and immense challenges
Transfer Pricing (TP) continues to be an evolving topic as many jurisdictions in the Gulf Cooperation Council (GCC) and Levant are introducing, or are anticipated to introduce, full-fledged TP regulations. The TP landscape continues to grow in the region which includes interesting TP audit developments over the past 12 months.
With the introduction of the TP Bylaws in February 2019 in the Kingdom of Saudi Arabia (KSA), we have seen a significant increase in the volume of new TP audits initiated by the Zakat, Tax and Customs Authority (ZATCA) in the second half of 2019.
In this publication, we provide an overview of the current TP environment across key jurisdictions in the GCC and Levant, TP audit processes in KSA, practical TP cases we have seen to date and, the challenges faced by taxpayers.
Updates on the latest TP audit developments in the State of Qatar, the Hashemite Kingdom of Jordan and the Sultanate of Oman and other countries in the GCC are also covered throughout this publication.