On 10 December 2018, Saudi Arabia’s General Authority of Zakat and Tax (GAZT) published draft transfer pricing by-laws (TP By-laws) for public consultation. The TP By-laws broadly follow international standards, including the arm’s-length principle and documentation standards as set out in the Organisation for Economic Co-operation and Development (OECD) Transfer Pricing Guidelines.

In the auditorium of the Hotel Dann Carlton in Quito, TP Consulting Ecuador organized a conference in which Mr. Enrique Díaz (Founding Partner of TP Consulting) and Ms. Karilin Arenas (Partner of TP Consulting) will discuss the technical aspects applicable for fiscal year 2017 and the effects on formal obligations to be met by taxpayers. The conference seeks to show the current scenario, its challenges so that in the exercise of the presentation of transfer pricing reports can minimize or predict contingencies.