Navigating Transfer Pricing Regulations Under the UAE’s Corporate Tax Framework
The introduction of corporate tax in the UAE, effective for financial years starting on or after June 1, 2023, has brought transfer pricing to the forefront as a critical compliance issue for multinational enterprises (MNEs) and companies engaged in related party transactions. Transfer pricing involves setting prices for transactions between affiliated companies. This article will discuss how UAE's corporate tax regime is designed to align with global best practices, role of corporate tax consultants in Dubai in minimizing compliance burdens, and support the country's position as a global financial center. Understanding UAE Corporate Tax The Federal Decree-Law No. 47 of…