International business
Related parties, group companies, intercompany transactions, transfer pricing and economic substance.
- International businessKeep a register of your related parties and group companies, follow the transactions with them, keep your transfer pricing documents and log your economic substance in the UAE.
- Related parties registerMark the customers and vendors that are related to your company, with the relationship, ownership and control, so that every transaction with them is tracked for corporate tax.
- Group companiesRecord the companies of your group, in the UAE and abroad, with their country, type of entity, ownership and parent, and link your related parties to them.
- Intercompany transactionsFollow every transaction with your related parties, record its transfer pricing method and justification, and mark what was not at arm's length for the corporate tax return.
- Transfer pricing documentationKeep your transfer pricing documents per financial year and use the related-party and transfer pricing reports to see what to disclose and which transactions still need support.
- Economic substanceLog the evidence that your business really operates from the UAE, with its people, premises, spending and decisions, and keep the supporting documents with each entry.