Issued by GAZT Board Resolution No. 6-1-19 of 1440H, these Transfer Pricing Bylaws establish the legal framework for transactions between related parties in Saudi Arabia. They apply to taxpayers under both the Income Tax Law and Zakat Regulations, mandating adherence to the Arm's Length Principle. The bylaws detail approved pricing methods in Article 7, comparability analysis in Chapter 3, and comprehensive documentation obligations, including the Master File (Article 16), Local File (Article 17), and Country-by-Country Reporting (Article 18). They also provide for Advance Pricing Agreements and corresponding adjustments to ensure compliance.