The current related party rules are included in Income Tax Law No. 28/2009, effective 1 January 2010. Broadly similar related party rules were also included in the old Income Tax Law, the Law of Income Tax on Companies of 1981.
While the Oman tax law includes related-party provisions, there are no formal/detailed rules on transfer pricing documentation. However, the Oman Tax Authority expect that appropriate TP documentation will be made available under a tax audit or investigation.
We help design and implement Global TP Policy / review Agreements for Multinational Corporations.
Transfer Pricing compliance requirements by delivering meticulously prepared Documentation as per Local TP Regulations and global standards.
We assist in identifying gaps by providing health check up from Legal, Corporate and TP documentation perspective.
We have access to various public financial and company databases, industry and directories which assist us to render comprehensive TP analysis.
Not Applicable at present
Leader - Gulf Practice
20+ years, experience in International Tax and Transfer Pricing space.
Worked with A.F. Fergusson, KPMG, Ernst & Young and Deloitte wherein he served numerous Fortune 500 clients in different business space like consumer goods, automotive, IT and ITES. He did his masters in Law with Mumbai University and was part of the Tax Controversy Management Team at Deloitte.
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