May 13, 2023 
Corporate Tax
UAE Corporate Tax – Requirements for Maintaining Transfer Pricing Documentation
The UAE Ministry of Finance has issued Ministerial Decision No. 97 of 2023 on the Requirements for Maintaining Transfer Pricing Documentation (Master File & Local File).
Here we have simplified the whole document in an understandable format.
Article 55- Transfer Pricing Documentation
- Authority may require Taxable Person to file together with their tax return, disclosure of transactions & arrangement with related parties & connected person.
- Ministerial Decision no. 97 specifies requirements for Taxable Person to maintain Master & Local File.
- Transfer pricing documents & information to support arms length nature of transactions, should be provided to authority within 30 days of their request for all the transactions.
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Spectrum Auditing will guide you with the laws and regulations of UAE, be it Corporate Tax (CT), Transfer Pricing (TP), Ultimate Beneficiary Owner (UBO), Anti Money Laundering (AML), etc after reviewing your business. Being a pioneer in the field of auditing, accounting, taxation and advisory
