Energy & Resources Transfer Pricing in the Middle East has been saved
Energy & Resources Transfer Pricing in the Middle East
Middle East experiences and challenges
The governments of the GCC countries have established the several intiiatives aimed at developing the Energy & Resources (E&R) sector such as the Dubai Energy Strategy 2020, Oman’s Energy Master Plan and Saudi Arabia’s National Transformation Program and Vision 2030, among others.
In recent years, several countries in the Middle East have introduced Transfer Pricing (TP) regulations. Given that some of the biggest related party transactions are reflected in the E&R sector in the region, the article looks at the biggest Transfer Pricing implications of TP regulations in the GCC.
In addition, in this article, our TP experts highlight some of the main topics surrounding the E&R supply chain, Transfer Pricing regulations in the Middle East, and Common Transfer Pricing industry issues.