It is the pricing of transactions that take place between related persons or persons subject to common control. The importance of the transfer pricing instructions lies in ensuring adherence to the neutral price principle, which is that the pricing of transactions between related persons or persons subject to common control is as if they were transactions that took place between independent parties. We at Al Hamli & Partners work on studying the pricing of transactions with related persons and preparing the local file for companies using the updated global automated programs in this regard.
