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Transfer Pricing Services in DIFC
Let MS empower your business in DIFC
Founder & Group CEO, MS
Let MS empower your business in DIFC
Compliance with transfer pricing regulations offers several benefits for businesses. It helps set fair prices for intercompany transactions, reducing the risk of over- or under-pricing. Proper compliance also lowers the chance of tax audits and disputes by providing clear analysis and documentation of pricing policies. It ensures transparency and consistency with clear policies. Compliance applies to related parties (entities or people with ownership, control, or kinship connections) and connected persons (those with ownership, directorial roles, or close family ties), ensuring a thorough approach to following the rules.
- Related Party: This refers to an individual or entity with an existing connection to a business, established through ownership, control, or kinship in the case of natural person.
- Connected Person: Refers to an individual with an ownership interest in the company or serving as a director/officer, along with relatives up to the fourth degree of kinship or affiliation, thereby being considered Connected to the company's business.
- Streamlining pricing decisions to minimise the risk of over or under-pricing in intercompany transactions.
- Reducing the risk of tax audits and disputes with tax authorities through detailed analysis and documentation of Transfer Pricing policies.
- Establishing clear Transfer Pricing policies and procedures for enhanced transparency and consistency for taxpayers.
Why MS
Transfer Pricing Services for DIFC entities
MS can assist businesses in complying with UAE transfer pricing regulations by offering expert consultation on regulatory requirements and helping with the preparation of Local and Master Files. MS can guide clients through completing and submitting Transfer Pricing Disclosure Forms, advise on appropriate transfer pricing methods, and support them during audits. Additionally, we can aid in negotiating Advance Pricing Agreements (APAs), help avoid penalties by ensuring accurate and timely compliance, and provide sector-specific advice. By keeping clients updated on regulatory changes and offering training, MS ensures their ongoing compliance and efficient management of transfer pricing issues.
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