On 23 October 2023, the UAE Federal Tax Authority (FTA) published the Corporate Tax Guide on Transfer Pricing - CTGTP1. In general, the Corporate Tax Law, Ministerial Decision No. 97 of 2023, and the Guide for Transfer Pricing should be the primary source of guidance for transfer pricing related matters, prevailing over international standards. However, if a certain aspect is not covered and an issue is not addressed in the guide, taxpayers are encouraged to refer to the OECD Transfer Pricing Guidelines. The purpose of the guide and who should read it are summarized as follows: --- Purpose of this...