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Transfer Pricing Middle East
KSA issues guidance on the Mutual Agreement Procedure
The General Authority of Zakat and Tax (GAZT) in the Kingdom of Saudi Arabia (KSA) issued guidance on the Mutual Agreement Procedure (MAP).
Saudi Arabia releases second edition of the Transfer Pricing guidelines
The General Authority of Zakat and Tax (GAZT) in the Kingdom of Saudi Arabia (KSA) has published the second edition of the Transfer Pricing guidelines.
The UAE MoF organized a CbCR awareness workshop - Key considerations
The UAE MoF issued ‘Cabinet Resolution No. 32 of 2019 concerning Regulation of the Submission of Reports by Multinational Companies’.
UAE introduces Country-by-Country Reporting rules
The UAE formalizing CbCR rules is an important development – one which sends a strong signal to the international tax community about the UAE’s commitment to adopt new legislation to combat BEPS. We have created a document with our views.
Bahrain Exchange of Information OECD peer review
On 15 October 2018, the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes released the second round peer review reports assessing compliance with the international standards on tax transparency and exchange of information upon request for seven jurisdictions, including Bahrain.
Qatar implements CbC legislation
On 9 September 2018, Qatar published in its official gazette Ministry of Finance Decision No. 21, which implements country-by-country (CbC) reporting legislation.