Governments and revenue authorities are responding to the ever changing global tax landscape by strengthening legislation, demanding stricter documentation of transfer pricing (“TP”) practices and imposing higher penalties for non-compliance. The TP landscape has changed and evolved significantly in the Middle East. With an increasing number of Middle Eastern countries introducing TP legislation, adopting to best TP practices are becoming complex and critical for businesses in the region including Qatar. This growing complexity for groups operating in Qatar (both headquartered in the region and elsewhere) has made TP a reality in many multinational groups’ day-to-day business.
TP regulations and guidance in Qatar were released and updated in certain circumstances throughout 2020. As a result, TP is becoming an increasingly critical element of tax planning for multinational organizations.
KPMG’s Transfer Pricing Services practice is an international team of economists, tax practitioners and analysts helping clients generate tax efficiencies and reduce the risk of challenges from revenue authorities. Our multi-disciplinary approach and global mindset enable us to cover issues such as developing and executing commercially viable transfer pricing policies, compiling documentation for revenue authority audits and complying with local revenue requirements. KPMG’s transfer pricing experts in Qatar can assist you with:
- TP Documentation – TP declarations, Master File and Local File
- Country-by-Country reports
- Benchmarking studies
- Advanced Pricing Agreements requests before the Qatar tax authorities
- Assessment of the taxpayer’s TP risks
- TP planning studies
- TP policy development
- TP assessments
- Dispute resolutions and negotiations with the Qatar tax authorities