Transfer Pricing and Customs Controversy in Saudi Arabia has been saved
Transfer Pricing and Customs Controversy in Saudi Arabia
Our TP and Customs services in the Kingdom of Saudi Arabia
Many Multinational Enterprises (MNEs) operating in the Kingdom of Saudi Arabia (KSA) are required to comply with the arm’s length principle as well as Saudi Customs valuations rules and regulations.
Transfer Pricing (TP) and Customs present many tax, legal and operational challenges in the Kingdom. The KSA General Authority of Zakat and Tax has been active in reviewing and auditing MNEs and challenging their TP policies and positions in the KSA. In addition, GAZT has been very active in running joint audits with Saudi Customs (SC) to ensure alignment between TP and Customs value declared upon importation. For many taxpayers, the magnitude of uncertainty and potential financial exposure presents a significant business risk.
We have therefore created a document which provides an overview of how we can assist taxpayers when faced with TP and Customs challenges and assessments from the KSA GAZT and SC.