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.
Have you received a TP related notification from a GCC tax authority or are you prepared to receive one? What is the best way to respond to one if it does arise? What does the typical TP audit process look like in the GCC? And what could be the options for the end result?
In light of the above, Deloitte held a webinar on Monday, 2 August 2021 where our TP experts will discuss the following topics:
- An overview of the current TP landscape in the GCC region.
- Recent enforcement actions taken by various GCC countries.
- How to establish proper support, and what to expect during a TP audit.
- How to mitigate future TP audit and controversy risks.