On 20 March 2023 (corresponding to 28/08/1444AH) (No 8-2-23), the Board of Directors of the Zakat, Tax and Customs Authority (ZATCA) approved the amendments in the Kingdom of Saudi Arabia Transfer Pricing Bylaws (KSA TP Bylaws), introducing the Advance Pricing Agreement (APA) program.
In light of this, Deloitte held a 60-minute webinar on Wednesday, 13 September at 11:00 am (KSA time), to provide a comprehensive understanding of the recently introduced APA program, uncovering its nuances and implications for multinational businesses in KSA.
Our expert panel and guest speaker covered the following topics:
- The essence and importance of the APA program for businesses in KSA.
- An overview of how APAs operate and their role in transfer pricing dispute resolutions.
- First-hand insights from Andrew Skipsey, a former APA/MAP Team Leader with HMRC (UK Tax Authority) and current Director at Deloitte LLP, UK.
- Key considerations for taxpayers eyeing the APA program in Saudi Arabia.
Speakers
- Mohamed Serokh
- Husain Miyasaheb
- Mohammed Abu-Hijleh
- Andrew Skipsey
