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Transfer Pricing Audits in the GCC: Myth or a hard reality?

Many Gulf Corporation Council (GCC) countries’ fiscal positions have been impacted by the pandemic. Over the last 6 to 12 months, we have seen many GCC tax authorities significantly increase their enforcement of transfer pricing (TP) and related-party transaction laws. This trend is set to continue as many multinational groups grapple with key strategic decisions on how to handle these audits and get the best possible outcome, whilst minimizing uncertainty.  

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