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Post by account_disabled on Oct 26, 2023 8:12:41 GMT
Experience when conducting controlled transactions. This statement is signed by the head of the unit of the entity that is obliged to prepare local transfer pricing doents within the meaning of the Accounting Law and if more than one person meets the criteria for a head of unit or the head of the unit cannot be identified the statement is submitted and signed by each authorized representative . Introducing Simplified Settlement Rules. The Amendment Bill introduces a simplified settlement safe harbor whereby the price or price elements are deemed to be market value after taxpayers apply the solution. This type of solution is suitable for two moible number data types of transactions namely loans and low value added services. The purpose of introducing safe harbor regulations for low value-added services is to ensure that tax authorities do not determine mark-ups for transactions that meet the conditions specified in the regulations. For loans with interest rates determined. Accordance with the benchmark interest rates and margin types stipulated in the announcement, the tax authorities no longer review the market nature of the interest rates. The Minister responsible for public finance and all other conditions specified in this clause will be satisfied. The adoption of such a solution would, on the one hand, provide the taxpayer with protection against price questioning by the tax authorities.
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