Jordan's Income and Sales Tax Department has published Executive Instructions No. (3) of 2021, concerning transfer pricing for income tax purposes. The instructions provide rules for the application of certain aspects of Regulation No. 40 of 2021, which was published on 7 June 2021, providing for the introduction of a new transfer pricing regime in line with OECD guidelines, including the three-tier documentation requirements developed as part of BEPS Action 13. Some of the key points of the executive instructions include: Confirmation that taxpayers with related party transactions equal to JOD 500,000 or more per year (12-month period) are required...