The new United Arab Emirates Transfer Pricing regime

Plan, prepare and prosper

On 31 January 2022, the Ministry of Finance (MoF) of the United Arab Emirates (UAE) announced that the UAE will introduce a Federal Corporate Tax (CT) on business profits that will be effective for financial years starting on or after 1 June 2023. On 28 April 2022, a Public Consultation Document (PCD) was published with more detailed information on the proposed UAE CT regime with the intention of seeking views from interested parties and stakeholders before implementation.

The proposed CT framework also includes a comprehensive Transfer Pricing (TP) regime. The published 47 Frequently Asked Questions (FAQs) by the MoF clearly referred to TP rules being in alignment with the Organization of Economic Cooperation and Development (OECD) Transfer Pricing Guidelines (OECD TPG).

In this publication we provide an overview of the background to the new UAE TP rules, the potential impact these rules may have on businesses and how UAE based companies can prepare. 

The new United Arab Emirates Transfer Pricing regime
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