UAE Transfer Pricing Disclosure Form

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Important Tax Alerts

New Tax Updates:

Special Notes:

KEY SECTIONS OF THE TP DISCLOSURE FORM

1. Related Party Schedule

New Tax Updates:

This schedule should be completed by all taxable persons whose aggregate value of related party
transactions during the tax period exceeds AED 40 million in the Financial Statements/at market value.

Only the aggregate related party transactions per category exceeding AED 4 million need to be
disclosed.

How BAM Tax Advisors can assist you:

Extracts of the Related Party Schedule in the EmaraTax Portal

KEY SECTIONS OF THE TP DISCLOSURE FORM

2. Connected Person Schedule

New Tax Updates:

This schedule should be completed for each Connected Person where the aggregate Payment/benefit exceeds AED 500,000 per Connected Person together with its Related Parties

How BAM Tax Advisors can assist you:

Extracts of the Related Party Schedule in the EmaraTax Portal

KEY SECTIONS OF THE TP DISCLOSURE FORM

3. Documents Requirement List

13

New Tax Updates:

Except for Financial Statements, taxpayer will be allowed to submit the Tax Return without attaching
above listed documents by providing a valid reason for the same. 

However, all required documents must be maintained for a period of 7 years following the end of the Tax Period in term of the record keeping requirements prescribed in the Corporate Tax Law. 

In compliance with TP documentation requirements, Local file, Master file and any other information (i.e., Benchmark reports) to support the Arm’s Length nature of Related Parties/Connected Persons transactions must be submitted within 30 days upon request from the FTA.

How BAM Tax Advisors can assist you:

Extracts of the Related Party Schedule in the EmaraTax Portal

KEY TAKEAWAYS

HOW BAM TAX ADVISORS CAN ASSIST YOUR COMPANY

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