What is Transfer Pricing?
Transfer pricing refers to the price set for goods, services, intellectual property, or financial transactions between two related entities within a multinational group. According to the globally accepted arm’s length principle, the pricing for these transactions should be similar to what it would be if the same transaction occurred with an unrelated entity.
Our Transfer Pricing Services
At Smart Business Creation, we offer comprehensive transfer pricing solutions and advisory services to ensure your business complies with the latest regulations under the UAE’s new corporate tax regime. Our expert team provides end-to-end support to help you manage transfer pricing risks and optimize tax efficiency.
Transfer Pricing Impact & Risk Assessment
Our tax specialists review your internal transactions within the group to identify potential risks, compliance gaps, and any errors in processes. We help you find opportunities to enhance your tax efficiency and better manage the risks associated with transfer pricing.
Key benefits include:
- Risk Management: We help you identify potential transfer pricing issues that could lead to penalties or disputes.
- Tax Optimization: Our assessments aim to minimize your tax liability while ensuring compliance with UAE regulations.
Transfer Pricing Documentation
Proper documentation is key to avoiding transfer pricing disputes, especially during audits. Our tax experts help you prepare all the necessary documents required for compliance, including:
- OECD-Mandated Master Files: These contain information about all members of your Multinational Entity (MNE) group.
- Local Files: These focus on the data specific to local entities within the group.
- Country-by-Country Reports: These reports provide a global view of income allocation, taxes paid, and other financial information for the entity.
We ensure that all documents are prepared in the correct format and meet regulatory requirements, helping you avoid potential disputes during audits.
Transfer Pricing Compliance
We ensure you comply with all necessary filings, notifications, disclosures, and reporting to the relevant UAE authorities. Our experts assist you in preparing and submitting mandatory disclosure forms and represent you during detailed audits. We also provide support in preparing legal submissions when required, ensuring your business is fully compliant.
Transfer Pricing Planning & Advisory
We analyze your current transfer pricing structure and recommend strategies that align with UAE regulations while optimizing tax efficiency. We also assist with Advance Pricing Agreements (APAs) to help you plan ahead and avoid future tax disputes.
- Tailored Policies: Our tax consultants create transfer pricing policies that balance compliance with your commercial goals.
- Tax Efficiency: We help you remain tax-efficient without disrupting cash flow or business operations.
Transfer Pricing Training
Our team offers training workshops to keep your in-house tax team updated on the latest transfer pricing regulations and best practices. This helps reduce compliance gaps and ensures your business remains fully compliant with UAE and international regulations.
Why Partner with Smart Business Creation for Transfer Pricing?
At Smart Business Creation, we have extensive experience in managing transfer pricing across various regions and industries. Our expert advisors provide practical solutions tailored to your business, helping you address and resolve any transfer pricing concerns.
- Comprehensive Solutions: We offer fully customized transfer pricing services to meet the specific needs of your business in the UAE and globally.
- Expert Guidance: Our experienced tax advisors are well-versed in international transfer pricing regulations and can help you navigate complex tax environments.
- Compliance and Efficiency: We ensure your business stays compliant while optimizing tax efficiency and avoiding costly disputes.
Need Expert Help with Transfer Pricing?
Connect with Smart Business Creation today to get personalized transfer pricing solutions that ensure compliance and maximize your business’s tax efficiency.
