Manufacturing Group - Saudi Arabia Restructuring
Complete transfer pricing restructuring for a manufacturing conglomerate with operations across the Kingdom.
Client
Manufacturing Conglomerate
Industry
Manufacturing & Industrial
Timeline
8 months
Key Results
Challenge
A large manufacturing group with 12 entities across Saudi Arabia had non-compliant transfer pricing policies that exposed them to significant audit risks and potential penalties. The company lacked proper documentation and had pricing policies that didn't reflect arm's length principles.
Solution
We conducted a comprehensive transfer pricing restructuring that included economic analysis of all intercompany transactions, development of arm's length pricing policies, and creation of robust documentation packages. Our approach ensured full compliance with Saudi transfer pricing regulations while optimizing the group's overall tax position.
Results
- ✓Achieved full compliance with Saudi transfer pricing regulations
- ✓Reduced overall tax costs by 28% through legitimate optimization
- ✓Developed comprehensive transfer pricing documentation for all entities
- ✓Created audit-ready defense files and economic analyses
- ✓Established ongoing monitoring and update procedures
Services Provided
"The transfer pricing restructuring delivered by GulfTaxes not only ensured our compliance but also resulted in significant cost savings. Their expertise in Saudi regulations was invaluable."
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