Very informative video, your explanation is very simple to understand and insightful! Expecting more insights on Transfer Pricing Rules in UAE. Keep up the good work !🎉
@@mohamedgomran when there is related or connected party transactions, in that case tranfer pricing rule will be applicable, which requires to maintain local and master file, where the details of related party transactions are provided.
Is local file master file attachment compulsory for all companies? As transfer pricing is applicable only to companies having turnover of more than AED 200 million or MNC companies.
The Local File is a critical component of Transfer Pricing (TP) documentation. It is designed to provide detailed, transaction-specific information about the Controlled Transactions (transactions between related or associated entities) conducted by a Taxable Person. This document ensures transparency in the pricing of such transactions and compliance with Transfer Pricing regulations, particularly in line with the OECD Transfer Pricing Guidelines and local legislation. The Master File is a fundamental component of Transfer Pricing documentation, providing a comprehensive overview of the global business operations of a Multinational Enterprise (MNE) Group. Its purpose is to enable tax authorities to understand the broader context of the MNE's Transfer Pricing policies, income distribution, and economic activities across jurisdictions. The Master File is prepared in line with the OECD Transfer Pricing Guidelines or local regulatory frameworks and is a complement to the Local File.
@@businesstower2011 recently FTA has issues notification regarding Postponement of deadline from 30th September 2024 to 31st December 2024. This might be the reason.
Very informative video, your explanation is very simple to understand and insightful! Expecting more insights on Transfer Pricing Rules in UAE. Keep up the good work !🎉
Thank you so much 😊
Sir well explained
Well xplained...very much helpful.But some sections are confusing
Will try to improve in next video. Thank you
How to delete Draft application dear
Thank you, what is the local and master file?
@@mohamedgomran when there is related or connected party transactions, in that case tranfer pricing rule will be applicable, which requires to maintain local and master file, where the details of related party transactions are provided.
@@bhaigrathmandal9178 Thank you
Is local file master file attachment compulsory for all companies? As transfer pricing is applicable only to companies having turnover of more than AED 200 million or MNC companies.
Sir I understand is everything but please request sir make one video on corporate tax return filing in hindi please sir
What is local file and master file plz reply?
Please refer to my reply above
Is there any chance we can download the corporate tax return form?
kindly explain the capital part also that you skip
If the company has no transactions ( mean kit working), do I need to file the coperate tax still?
Yes
mine it show 0 not filed and they sent me a message that i need to file corporate tax by sms
Please check your portal, If it shows 0. Please ignore it then
We are registered agent of freezone companies so could you please show freezone ct filing video
@@akkku3173 hi
Plz upload for freezone
When I went to the next step, rather than showing the other options like Step 2 the form got submitted. Why is that?
My company has no transaction ( company was registered but has not started doing any business), do I still need to file the cooperate tax still?
Yes
Sir what is master file and local file please tell me
The Local File is a critical component of Transfer Pricing (TP) documentation. It is designed to provide detailed, transaction-specific information about the Controlled Transactions (transactions between related or associated entities) conducted by a Taxable Person. This document ensures transparency in the pricing of such transactions and compliance with Transfer Pricing regulations, particularly in line with the OECD Transfer Pricing Guidelines and local legislation.
The Master File is a fundamental component of Transfer Pricing documentation, providing a comprehensive overview of the global business operations of a Multinational Enterprise (MNE) Group. Its purpose is to enable tax authorities to understand the broader context of the MNE's Transfer Pricing policies, income distribution, and economic activities across jurisdictions. The Master File is prepared in line with the OECD Transfer Pricing Guidelines or local regulatory frameworks and is a complement to the Local File.
How to file nil return
Will upload another video for that...thank you
@@bhaigrathmandal9178hi, could you please guide on how to file nil returns. Thanks
@@bhaigrathmandal9178 Yes would really appreciate if you could post another video for Nil Tax returns filing in UAE. Thank you so much!
Yes please - I’m also interested in this
When I open the corporate Tax filing I find it just empty, no any details like ones I see in your video!! What could be the reason?
@@businesstower2011 recently FTA has issues notification regarding Postponement of deadline from 30th September 2024 to 31st December 2024. This might be the reason.
@@bhaigrathmandal9178 30 sep 2025 not 2024 ? right
🎉🎉🎉🎉
@@GobinSah-u9v 😊