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If a taxpayer who filed the transfer pricing documentation for a particular, fiscal year does not have transactions that exceed SAR 6 million for the following year, do the documents for the Master File, and Local File need to be developed for the coming year?

Taxpayers are required to calculate the value of their transactions annually based on their value and based on the arm’s length price. If the value does not surpass the minimum, the taxpayer will not be required to retain the documents for that year unless expressly stated in the Transfer Pricing Bylaws or its guidelines.​