Transfer Pricing in UAE
Description
In today’s competitive business environment, especially in the context of the UAE’s evolving tax regime, understanding the importance of transfer pricing has never been more critical. With the introduction of corporate tax regulations such as Federal Decree‑Law No. 47 of 2022 (the “UAE CT Law”) and Ministerial Decision No. 97 of 2023, companies operating in the United Arab Emirates (including free zone entities) are subject to detailed rules on inter-company and intra-group pricing.
Transfer pricing refers to the pricing of goods, services, intangible assets, financing transactions and other value transfers between members of a multinational enterprise (MNE) or between related parties and connected persons. It ensures that transactions with affiliated entities are conducted on terms consistent with those that would apply between independent parties i.e., in accordance to meet the arm’s length principle.
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