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What is the definition of Transfer Pricing? And what is the vital impact of regulating Transfer Pricing?

Transfer pricing is not an emerging concept. Articles 63 and 64 of the Income Tax Law detail transactions between related persons. Transfer pricing relates to the setting of prices for transactions carried between related persons, including but not limited to the transfers of goods, services, loans, and intangibles. The function of Bylaws is to oversee that taxpayers guarantee that their transactions with related persons are priced and structured as any transactions with independent or unrelated persons.​
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Last Update: 02 Dec 2025 01:16 PM Saudi Arabia Time

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