You Can Trust
In recent years, the Middle East has introduced various transfer pricing rules. We specialize in helping clients establish robust transfer pricing policies capable of withstanding scrutiny from tax authorities.
- Company Incorporation & Liquidation
- Tax Filing & Preparation
- Tax Advisory: At 1Turn Consultancy, we offer a platform for private entities and family conglomerates to gain a clear understanding of Value Added Tax legislations and ensure the smooth operation of business activities in compliance with VAT laws.
Our comprehensive range of VAT services includes:
- VAT health checks and diagnostic reviews
- Tax agency services
- Fixed advisory on VAT treatment of specific transactions
- Drafting of ruling applications
Our approach involves understanding our clients’ business, discerning how value is generated through functions, assets, and risks within related parties. We provide implementable and operational transfer pricing solutions, addressing the specific considerations and concerns of our clients, particularly in local GCC subsidiaries of foreign-owned multinationals and GCC-owned groups.
Our Services include:
- Transfer pricing risk assessments
- Transfer pricing efficiency studies and review of operating models from a transfer pricing perspective
- Transfer pricing policy design
- Review of related party transactions
- Benchmarking analysis
- Preparation of OECD standard and local GCC standard transfer pricing documentation (Master Files and Local files)
- Attribution of profits to permanent establishments analysis
Transfer pricing involves analyzing transactions between related parties to ensure compliance with the arm's length principle, where the pricing mirrors what an unrelated third party would pay for a similar transaction under comparable circumstances.