The Tax Department at BDO Jordan held an introductory workshop on the Transfer Pricing Regulation No. 40 of 2021 and the instructions issued pursuant thereto, at Movenpick Hotel, Amman.
The workshop targeted clients concerned with the application of the provisions of the Transfer Pricing Regulation Mr. Mohannad Quniebi, an international tax expert and partner of Tax Consulting Services at BDO Jordan, presented a lecture in which he indicated that the aim of holding the introductory workshop is to spread legal awareness with regards to the application of the Transfer Pricing Regulation including related tax provisions and procedures. He also focused on the matters of submitting disclosure form and related documentation in accordance with the requirements issued by the Income and Sales Tax Department.
The workshop also dealt with concepts and provisions related to cases of legal and economic ties between the relevant persons, on whom the provisions of the Transfer Pricing Regulation apply.
Finally, the workshop included the distribution of the new book issued by BDO Jordan (Explanation of Transfer Pricing), by the author Mohannad Quniebi, Tax Partner at the company. The book is the first of its kind in Jordan and the Arab world on explaining Transfer Pricing in accordance with the OECD guidelines issued on 20/01/2022.
