Transfer Pricing
DISCLOSURE FORM

Timeframe for Submitting Disclosure Form

Taxpayers must submit the transfer pricing disclosure form along with the corporate tax return within nine months from the end of the relevant tax period. We can assist you prepare the disclosure form and help you submit it within the deadline.

Objective of Transfer Pricing Disclosure Form

The purpose of the transfer pricing disclosure form is to provide information on broad categories of transactions and arrangements undertaken by the taxable person with its Related Parties or Connected Persons.

Information Provided in Transfer Pricing Disclosure Form

Tax Gian’s transfer pricing consultants provide our clients in the UAE with comprehensive advice on the information needed in the transfer pricing disclosure form. Transfer pricing disclosure form, as per the UAE regulations, must contain information including:

• Nature of controlled transactions
• Value of controlled transactions
• Details of related parties
• Transfer pricing method/methods used to determine arm’s length range of transactions

Who Should Submit the Transfer Pricing Disclosure Form?

As per the UAE transfer pricing regulations, all taxable persons carrying out transactions with related parties or connected persons must submit the transfer pricing disclosure form. Our transfer pricing advisers can advise UAE companies on their obligation towards transfer pricing documentation.

How can Tax Gian Assist You?

Transfer Pricing Disclosure is a critical part of UAE transfer pricing documentation services. Our transfer pricing documentation services can help UAE companies with:

• Assessing your transfer pricing documentation obligations
• Drafting of transfer pricing disclosure form
• Review of transfer pricing documentation for any inaccuracy
• Filing transfer pricing disclosure form along with tax return
• Respond to FTA queries (if required)

Why Should UAE Businesses Submit Transfer Pricing Documentation?

Taxable persons in the UAE must maintain and submit transfer pricing documentation, including the disclosure form. Our transfer pricing consultants can help UAE taxpayers draft and submit the necessary documentation. The following reasons explain the necessity for transfer pricing documentation:

• Ensure compliance with UAE tax regulations you comply with Tax Regulations
• Minimize transfer pricing disputes
• Enhance Tax Risk Management
• Comply with Arm’s Length Principle (ALP)
• Support Advance Pricing Agreements (APAs)
• Maintain a positive image in front of the FTA

UAE Businesses Choose Tax Gian for Transfer Pricing Services

When it comes to transfer pricing services, there is no one to beat us in Dubai, UAE. The reasons are:

Specialized Team: We have a dedicated team in Dubai comprising transfer pricing advisers and tax consultants

Expertise: Our team is well-versed in both UAE and global transfer pricing regulations

Practical Experience: We are experts in developing transfer pricing policies and managing transfer pricing disputes

Frequently Asked Questions

1. Is transfer pricing documentation a one-time requirement?

No, transfer pricing documentation is an ongoing requirement. Companies should review, update and maintain their documentation regularly to reflect changes in business operations and comply with the latest regulations.

2. What is the recommended timeframe for reviewing and updating the TP Documentation by a taxpayer?

Our transfer pricing advisers recommend conducting an annual review of your transfer pricing documentation to ensure the accuracy and relevance of functional and economic analyses and to validate the applied transfer pricing methodology.