Participants will learn about the key elements of TP regulations, the Arm’s Length Principle (ALP), and the documentation required for taxable and exempt entities.
Course Overview
UAE Transfer Pricing (TP) Framework:
- Learn the applicability of TP regulations to different entities.
- Understand the Arm’s Length Principle (ALP) and its role in fair pricing for related-party transactions.
TP Disclosure Form:
- Grasp the form's objective to ensure transparency in reporting transactions between connected persons.
- Learn the features, including manual adjustments and schedules for documenting transactions.
Documentation Requirements:
- Understand which entities must maintain Local and Master Files.
- Learn best practices for preparing thorough documentation to comply with UAE TP laws.
Learning Outcomes of the Course:
Master the UAE Transfer Pricing Framework:
Understand how TP regulations apply to various taxable and exempt entities, and effectively determine their documentation requirements.
Apply the Arm’s Length Principle (ALP):
Learn how to evaluate related-party transactions to ensure they meet market standards, preventing profit shifting and tax base erosion.
Handle TP Disclosure Forms Accurately:
Gain the ability to complete the TP Disclosure Form with precision, ensuring accurate reporting of transactions between connected persons.
Prepare and Manage TP Documentation:
Develop skills to maintain detailed Local and Master Files, supporting compliance with TP regulations and safeguarding against audits.
Implement Practical Approaches for TP Compliance:
Acquire techniques to segregate business and personal expenses, verify transactions, and ensure they adhere to TP principles.
By the end, participants will have the knowledge to confidently navigate UAE TP requirements, ensuring compliance with the regulations.
