Transfer Pricing (TP) has become a popular topic of discussion following the introduction of the Organization for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) recommendations in 2014. From 2018 onwards, many key economies throughout the Middle East region introduced TP regulations. However, none of us were prepared for the immense impact COVID-19 would have globally. The pandemic not only had a significant effect on the economy, but it also transformed the traditional way of carrying out business. The changes to the international tax regimes and the unpredictable economy calls for a careful monitoring of the existing TP regulations in the region
In light of the above, Deloitte held a webinar on Tuesday, 29 June 2021 where our TP experts discussed the following areas:
- The way forward as the ME economy slowly starts getting back to normal.
- Provided clients with an update on some of the key developments taking place within the various ME countries where TP is applicable.
- Introduced the audience to our regional leaders and subject matter experts.