Saudi Arabia issues public consultation document to modify Transfer Pricing Bylaws

Transfer pricing documentation requirements such as TP disclosure forms, local and master files would now apply to zakat payers if the proposed amendments to the TP Bylaws are approved.

Zakat-paying groups should monitor the proposed changes to the TP Bylaws and review their process for documenting intercompany transactions and their overall TP policies.

Comments on the proposal may be submitted by 30 July 2022.