Managing Transfer Pricing compliance in the Middle East has been saved
Managing Transfer Pricing compliance in the Middle East
Businesses are under more pressure than ever to find efficient ways to manage their Transfer Pricing compliance and documentation. We have witnessed the comprehensive three tier Transfer Pricing documentation proposed in the Base Erosion and Profit Shifting (BEPS) action points by The Organization for Economic Co-operation and Development’s (OECD) being introduced in the Kingdom of Saudi Arabia and Qatar. Other tax authorities in the Middle East are also expected to introduce comprehensive Transfer Pricing legislation in the near future.
To provide taxpayers with more insight on Transfer Pricing requirements across the region, we have written an article to highlight the importance of complying with specific management processes in place in different Middle East jurisdictions.