TaxSavvyQA

QFC entity TP

Do QFC entities follow the same TP rules?

The situation

QFC has its own TP guidelines under the QFC Tax Law.

The law

  • QFC Tax Regulations and Rules: QFC entities pay QFC tax; returns due six months after period end; extension up to four months on request

What it means for you

QFC entities fall under the QFC Tax Regulations and the QFC transfer pricing guidance, not GTA Decision 4 of 2020. The QFC regime also allows unilateral double tax relief. Check QFC guidance for documentation needs.

What to do

  1. Check QFC TP guidance.
  2. Document related parties.
  3. Keep support.
  4. File per QFC.

We can do this for youTransfer pricing declaration, Master File and Local File: QAR 9,000

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