ITC Accounting and Tax Consultancy

Transfer Pricing

The use of transfer pricing procedures has recently attracted significant global attention due to the increasing importance of transfer pricing in corporate taxation in the UAE. ITC Accounting and Tax Consultancy can help you create effective tax arrangements to maximize legal and regulatory compliance while meeting all your transfer pricing requirements as tax authorities scrutinize transfer pricing activities around the world. Companies doing cross-border transactions are aware of the value of transfer pricing. Large, medium and small groups now face higher risks due to tax authorities’ monitoring and regulatory standards. More and more multinational companies are increasingly considering the potential cost management opportunities offered by well-designed transfer pricing models.

When adopting Transfer Pricing for the first time, keep in mind the following:

  1. Understand the principles: Transfer pricing principles are important for internal business practices and should be aligned with market policies to allocate profitability to the value chain effectively.

  2. Plan transfer pricing and taxes: Re-look at internal pricing practices and consider applying transfer pricing principles. Seek help from an experienced transfer pricing professional, conduct comparative analysis and benchmarking studies to determine prevailing industry prices and profitability.

  3. Document transactions: Documentation supporting transactions is crucial not only for compliance but also for litigation purposes. Ensure that documentation is complete, accurate, and readily available in case of any dispute.

  4. Be compliant: Comply with the jurisdiction’s laws and regulations to avoid penalties and hindrances to business objectives. Keep track of compliance requirements and undertake timely compliances as required by the law.

Other Corporate Tax Services

Tax Preparation for your Business

At ITC Accounting & Tax Consultancy we have a team that combines experience and expertise to help you with your Tax related queries. Our experts can guide you through accounting and taxation matters in order to help you grow your business faster.

Withholding Tax Advisory

Transfer Pricing

Permanent Establishment Advisory

Advisory On Double Tax Avoidance

Tax Residency Advisory

Free Trade Agreement

Foreign Tax Credit Advisory

Tax Residency Certificate

Corporate Tax Training & Implementation

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On the occasion of Eid, we will be out of the office but just a call away from you. Please find the contact details below to get in touch with us:

Mr Mudasir Sofi

For any new enquiries, you can contact our Business Development Manager - Mr Mudasir Sofi (+971 52 320 5619)

Mr Mohammed Rooman

If you're an existing client then please contact our Key Account Manager - Mr Mohammed Rooman (+971 52 296 1530)



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