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Leading Tax Consultancy for Transfer Pricing in UAE
HayyaTax is a leading provider of compliance services for transfer pricing service in Dubai, offering a comprehensive suite of solutions designed to ensure compliance with local and international tax regulations. Our team of highly skilled transfer pricing specialists provides expert guidance in optimizing intercompany transactions, preparing necessary documentation, and conducting benchmarking studies.
With a deep understanding of the UAE’s evolving transfer pricing framework and global standards, we assist businesses in aligning their pricing strategies with the arm’s length principle. We offer tailored solutions for transfer pricing documentation, Country-by-Country Reporting (CbCR), transfer pricing audits, and policy reviews to mitigate tax risks and avoid penalties.
At HayyaTax, we prioritize strategic tax planning, ensuring that your business is fully compliant while optimizing its tax position. Our commitment to excellence empowers businesses to navigate the complexities of transfer pricing with confidence, driving long-term financial success and growth.
Transfer Pricing Advisory Services in Dubai, UAE
The UAE is a hub for MNEs, which are dominating the world trade including local trade in the UAE market, and are facing complex taxation issues, so as tax administration, due to the integration of national economies and technological advancement and hence are forced to adopt the transfer pricing rules ever since introducing the corporate tax effective from June 1st, 2023 to avoid the double taxation by MNEs.
Transfer Pricing in the UAE rules govern the pricing of cross-border transactions between associate members of the same MNEs group. The intra-group transactions (controlled transactions) can be in the form of tangible goods, services, intellectual property or funding. The new UAE corporate tax has an impact on inter-company, inter-group, and cross-border transactions.
In case of cross-border transactions (controlled transactions) between a taxpayer, who is under examination in one jurisdiction, say in the UAE, and who is a member of an MNE group, if the same transfer pricing is not accepted in the other tax jurisdictions, the MNE group might be subject to double taxation. Hence tax experts should be familiar with the arm’s length principle of the domestic jurisdictions and its implications in other jurisdictions to guard their clients for equitable applications of arm’s length principles applied by the local and foreign tax administrations.
Transfer Pricing Service in Dubai
Transfer Pricing Assessment
We provide expert assessment and strategic advisory on Transfer Pricing, ensuring compliance with UAE regulations and global standards.
Transfer Pricing Benchmarking
Our benchmarking analysis ensures your intercompany transactions align with market rates, minimizing tax risks and ensuring regulatory compliance.
Transfer Pricing Documentation
We prepare precise and compliant Transfer Pricing Documentation, demonstrating the arm’s length nature of your transactions to tax authorities.
Preparation of Local
File & Master File
We assist in the seamless preparation of Local File & Master File, ensuring compliance with UAE tax laws and OECD Transfer Pricing Guidelines.
Connected Persons Salary Benchmarking
Our salary benchmarking analysis helps determine fair and compliant compensation structures for connected persons, aligning with UAE tax requirements.
Country-by-Country
Report (CbCR)
We provide comprehensive CbCR services, ensuring accurate and timely reporting for multinational enterprises as per UAE tax regulations.
Transfer Pricing Audit Support
Our experts offer end-to-end audit support, assisting businesses in responding to tax authority inquiries and ensuring compliance with transfer pricing policies.
Transfer Pricing Planning & Policy Review
We help businesses develop and review robust transfer pricing policies, ensuring tax efficiency and regulatory alignment.
Transfer Pricing Dispute Resolution
We provide expert support in resolving transfer pricing disputes with tax authorities, ensuring compliance with UAE regulations.
Best Transfer Pricing Consultants in Dubai
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HayyaTax: Your partner for Transfer Pricing
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Build long-term relationships based on trust and mutual respect.
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From documentation to regulatory filings, we handle all aspects of tax compliance.
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We monitor progress, review strategies ensure your financial success.
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We ensure compliant and risk-free transfer pricing in the UAE — aligned with global standards.
FAQ’s on Transfer Pricing Services in UAE
Transfer pricing refers to the rules and methods for pricing transactions between related parties, such as subsidiaries or affiliates, within a multinational enterprise. In the UAE, these regulations ensure that such transactions adhere to the arm's length principle, meaning they are conducted as if between unrelated parties under similar conditions.
The UAE introduced comprehensive transfer pricing rules under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (UAE CT Law). These rules apply to tax periods starting on or after June 1, 2023.
The transfer pricing rules in the UAE apply to all transactions or arrangements between related parties and connected persons. This includes both cross-border and domestic transactions, as well as those between Free Zone entities. Even exempt entities or those electing small business relief must adhere to the arm's length standard, though they may not be required to maintain detailed documentation.
The arm's length principle mandates that transactions between related parties should be priced as if they were conducted between unrelated parties under similar circumstances. This ensures that the terms are fair and reflect market conditions, preventing profit shifting and ensuring appropriate taxation.
Taxpayers engaged in transactions with related parties are required to maintain a master file and a local file, detailing the nature of the transactions and demonstrating compliance with the arm's length principle. The specific requirements and thresholds for documentation are outlined in the UAE CT Law and subsequent guidance from the Federal Tax Authority (FTA).
Yes, certain entities, such as those qualifying for small business relief or exempt entities, may be exempt from maintaining detailed transfer pricing documentation. However, they are still required to ensure that their transactions with related parties adhere to the arm's length principle.
The UAE's transfer pricing regulations are broadly aligned with the OECD Transfer Pricing Guidelines. By joining the OECD’s Inclusive Framework in 2018, the UAE committed to implementing measures against base erosion and profit shifting (BEPS), including transfer pricing documentation and country-by-country reporting.
Non-compliance with transfer pricing regulations can lead to adjustments by the FTA to align taxable income with the arm's length standard. This may result in increased tax liabilities and potential penalties. Maintaining proper documentation is crucial to substantiate the pricing of intra-group transactions and mitigate risks.
Businesses should conduct a thorough analysis of their related-party transactions to ensure they meet the arm's length standard. This involves preparing the necessary documentation, such as master and local files, and staying updated on guidance from the FTA. Consulting with transfer pricing specialists can also aid in navigating the complexities of compliance.
The Federal Tax Authority (FTA) has released a Transfer Pricing Guide providing detailed insights into the application of the arm's length standard and compliance requirements. Additionally, consulting firms such as BDO, Deloitte, and PwC offer resources and guidance on navigating the UAE's transfer pricing landscape.
Staying informed and proactive in understanding transfer pricing regulations is essential for businesses operating in the UAE to ensure compliance and avoid potential tax risks.
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Ensure compliance and maximize tax efficiency with HayyaTax’s expert Transfer Pricing solutions. We help businesses navigate UAE regulations, align with global standards, and mitigate tax risks through precise documentation and strategic advisory.
Backed by industry expertise and a commitment to excellence, HayyaTax is your trusted partner in Transfer Pricing compliance and optimization.
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