The UAE Ministry of Finance made a historic statement, stating that a new federal corporate tax regime will be adopted in the UAE beginning on or after June 1, 2023.

1. Transfer Pricing Advisory Services in
UAE
The UAE Ministry of Finance made a historic statement, stating that a new federal
corporate tax regimewill be adopted in the UAE beginning on or after June 1, 2023. The
UAE will implement a standard corporate tax rate of 9%, with the tax structure being
intended to absorb worldwide best practices and reduce business regulatory burdens.
Transfer pricing is the process of analysing related party/connected persons
transactions and verifying that they are valued in accordance with the arm’s length
principle or the price that a third party would spend for about the same deal in identical
conditions. The Transfer Pricing Rules would apply in the UAE once the corporate tax is
implemented. The transfer pricing regulations and other related requirements would
apply to all businesses. These transfer pricing laws would be required and could apply
to both regional and abroad activities, resulting in both domestic and international
transfer pricing.
Let’s have a quick look at the services we offer.
 Structuring Transfer Pricing Policy
In the Middle East, transfer pricing and its internal agreed-upon arm’s length concept
are becoming more common. When interacting with the federal tax authorities, the
corporate tax, accompanied by the correct transfer pricing strategy and paperwork, will
be crucial. As a result, it is increasingly critical for businesses to have the correct
resources and experts on their side in the future. A structured and well-defined TP
policy will provide a roadmap for day-to-day operations. It will also ensure:-
1. Adherence to UAE Corporate Tax Laws
2. Proper guidance for decision-making
3. Streamline internal processes
 Transfer Pricing Documentation
Businesses will be required to follow the OECD Transfer Pricing Guidelines’ transfer
pricing standards and documentation. Proper documentation will aid taxpayers in
demonstrating that their transactions comply with the arm’s length principle, so
preventing transfer pricing problems. HLB HAMT is a tax consulting firm in UAE that
specialises in transfer pricing regulations and international transactions. As an
experienced tax specialist in UAE, HLB HAMT can give guidance on maintaining proper
and effective:
1. Local file
2. Master file

2.  TP Disclosure Assistance
Businesses are under more responsibility than ever to handle their Transfer Pricing (TP)
adherence and documentations in an effective manner. The TP disclosure form, as well
as the fact that it is integrated inside and submitted as part of the CIT return, would be
filed with the assistance of experienced tax consultants in Dubai such as HLB HAMT.
 Country by Country Reporting (CbCR)
Large Multinational Enterprises (MNEs) in the UAE are required to file a report with the
relevant parties at the end of each financial year, detailing the amount of revenue, profit
or loss before tax, income tax accrued, income tax paid, tax residence of the constituent
company, and so on, under the UAE’s Country by Country Reporting (CbCR)
regulations, which took effect in 2019.
 TP due diligence
Tax authorities are concentrating their efforts on transfer pricing. HLB HAMT, a well-
known Dubai tax consultant provides services in conducting due diligence studies in
order to detect possible risks and ensuring that transfer pricing rules and documents are
followed.
According to the OECD Transfer Pricing Guidelines, businesses in the UAE will be
forced to observe transfer pricing legislation and administrative formalities. Taxpayers
should use the arm’s length principle to verify that related-party transactions are priced
independently. The UAE’s move to a tax economy in response to increased
competitiveness is both admirable and necessary since it promotes economic
diversification and accountability. Implementing an authority’s rules and regulations has
become critical, and a business should hire the best tax consultants like HLB HAMT to
deliver transfer pricing services if they want to prevent any future issues.

3. Get Free Consultation
Transfer Pricing Advisory Services in
UAE
HLB HAMT
Level 18, City Tower-2,
Sheikh Zayed Road
PO Box 32665
Dubai – United Arab Emirates. Tel: +971 4 327 7775
E-mail: dubai@hlbhamt.com
www.hlbhamt.com