UAE’s MOF issues Decision on Transfer Pricing Documentation for CT Purposes

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Dubai May 11, 2023:

The Ministry of Finance has issued the Ministerial Decision No (97) of 2023 on the Requirements for Maintaining Transfer Pricing Documentation under the Corporate Tax Law, which aims to promote transparency and fairness in the UAE’s tax system.

Taxpayers with revenues of at least Dh 200 million or part of a multinational group with consolidated revenue of at least Dh 3.15 billion in the relevant period must maintain transfer pricing documentation.