The Saudi General Authority of Zakat and Tax (GAZT) has announced the approval of Saudi Arabia's new transfer pricing bylaws, which were issued 31 January 2019 and are effective starting from 15 February 2019. Some of the main features of the bylaws are summarized as follows:
- The Approved Transfer Pricing Methods include:
- Comparable Uncontrolled Price Method
- Resale Price Method
- Cost Plus Method
- Transactional Net Margin Method
- Transactional Profit Split Method
- There is no preference f…