GCC Countries Accelerate Adoption of OECD Transfer Pricing Standards
The tax landscape across the Gulf Cooperation Council ( GCC) is undergoing rapid transformation as regional governments increasingly align their transfer pricing frameworks with internationally recognized OECD standards. This shift reflects the region’s broader move toward greater tax transparency, stronger compliance frameworks, and alignment with the global Base Erosion and Profit Shifting ( BEPS) initiative. Across key jurisdictions such as the UAE, Saudi Arabia, and Qatar , tax authorities are introducing stricter rules governing related- party transactions, requiring multinational groups to demonstrate that intra- group pricing complies with the OECD arm’s- length principle . Businesses are now expected to maintain comprehensive documentation, including Master Files, Local Files, and Country- by- Country reporting , to substantiate the pricing of intercompany transactions. In the United Arab Emirates , transfer pricing requirements have become a core element of the new Corpo...