EYEY

UAE introduces transfer pricing rules as part of Corporate Tax Law

|Tax Alerts, Legislation & Policy, Na ...|Untd A Emirates
Untd A Emirates

  • The Corporate Tax Law will be effective from 1 June 2023 and includes several transfer pricing (TP) provisions that are broadly aligned with Organisation for Economic Co-operation and Development (OECD) principles.

  • Transactions and arrangements between related parties and connected persons should meet the arm’s-length standard.

  • Businesses will be required to maintain TP documentation and submit a d…

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