progress

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.​
Comments and suggestions
Comments and suggestions
For any inquiries or notes about authority services or current page, please fill in the required information.
Add a comment
Was this page useful?
0 visitors said yes from 0 feedbacks

Last Update: 04 Sep 2020 06:15 PM Saudi Arabia Time