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Transfer Pricing Services in UAE
Transfer Pricing services in Dubai
When conducting transactions within your group companies, you still need to comply with applicable regulations. And with the new corporate tax regime in UAE, you must also ensure to meet its requirements. Non-compliance may harm your reputation and lead to unnecessary financial burdenn later. So, transfer pricing services are essential to ensure fair reporting of inter-group transactions.
Tax Consultants UAE is a prominent corporate tax compliance services provider in UAE. We help companies with corporate tax advisory and compliance services. We ensure our clients a respite from corporate tax compliance worries with our end-to-end, timely, and accurate services.
Thus, you cannot manipulate corporate tax calculations with the transfer pricing law in UAE. You need to follow the corporate tax law in UAE with correct calculations and no hidden agendas. Achieving corporate tax compliance saves you from non-compliance penalties, fines, or reputation harm.
Transfer pricing services
Tax Consultants UAE’s expert transfer pricing services ensure conforming with the local and international transfer pricing landscape. We help you understand the impact of transfer pricing regulations on business transactions. Our tax specialists assist in the relevant documentation, audit procedures, and achieving correct transfer pricing positions.
Our competent transfer pricing advisory services help you align with your business objectives. You have proper transfer pricing for all your transactions within the group with proper records and justified pricing. You also get full support in transfer pricing audits to mitigate all risks of non-compliance.
Our corporate tax professionals have immense knowledge of UAE tax laws. We have experience dealing with tax compliance in other countries. With degrees in finance and accounting, we help you carry out your domestic and international tax operations with ease. We ensure your compliance with transfer pricing regulations and OECD best practices.
We help you with transfer pricing health checks, devising relevant models, drafting policies, and dispute resolution. Your transfer pricing queries never go unanswered because we have answers to all.
Don’t risk your compliance with transfer pricing regulations.
Contact our corporate tax experts for reliable transfer pricing services.
What is Transfer Pricing in UAE?
Transfer pricing means the pricing of goods, services, and financial transactions between two members of a multinational enterprise. These transactions might happen domestically or across borders. Thus, TP includes pricing arrangements for domestic transfer pricing and international transfer pricing.
The UAE corporate tax law requires the application of the arm’s length principle on transactions between related parties and connected persons. It means that you must treat the transaction as conducted between two independent parties. It ensures that no manipulation happens with the taxable income.
Understanding the Impact of Transfer Pricing on Corporate Tax
Companies use transfer pricing transactions to reduce their tax liabilities. They charge a lesser price for the product or service to related companies, reducing their profits. So, the corporate tax charged on reduced profits is lesser, resulting in compact tax liability.
Suppose A makes a product at AED 100. A sells the product to B, an independent party, at AED 120. So, the profit is AED 20. The corporate tax liability at a 9% rate is AED 1.8.
Suppose A sells the same product to C, its subsidiary company, at AED 110. So, the profit is AED 10, and the corporate tax liability is AED 0.9. Thus, A reduced its tax liability by selling the product to its related party at a lesser price. But the transfer pricing law in UAE requires A to sell the product to its related party or connected person at the same price as selling to an independent party.
We help you understand the impact of transfer pricing on your transactions and provide relevant advice. We review inter-company agreements and identify their related parties and connected persons. We develop a transfer pricing strategy to track inter-company transactions, optimise cash flows, and achieve tax efficiencies. We also provide transfer pricing assessments of each country where you operate your business.
Navigate the complexities of transfer pricing with Tax Consultants UAE to achieve tax efficiencies.
Assist with Transfer Pricing Documentation
Our transfer pricing services include complete support to companies on transfer pricing documentation. We help you prepare and maintain Master and Local files for transfer pricing transactions. For this, we guide you on the threshold and format of these files as required by the FTA. The FTA may ask you to provide copies of these files or any other document to prove your compliance with transfer pricing regulations.
Tax Consultants UAE ensures you never go wrong with your transfer pricing documentation. We help you create the disclosure form with information on all transfer pricing transactions. The form contains data on all transactions with related parties and connected persons, along with the tax returns. We also assist in the preparation of country-by-country reports.
How we assist you with Transfer Pricing?
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