TRANSFER PRICING RULES. 12.1 The Parties agree that it is their intention to comply with all relevant transfer pricing or similar legislation, rules and guidelines set out by each of the various governments or governmental entities who have jurisdiction over any of the Parties, or this Agreement itself (the “Transfer Pricing Rules”). Each Party also agrees that it is their intention that all of the terms of this Agreement and any Statement of Work entered into pursuant to this Agreement are intended to reflect those that would be agreed to by Parties acting with each other on an arm’s length basis as determined by any relevant governmental or Organization for Economic Co-operation and Development guidelines (“Arm’s Length Terms”).
TRANSFER PRICING RULES. (a) In order to determine the amount payable by the Customer in respect of the Tariffs under this Agreement, the Company will take into account the total cost, other expenses and/or other activities carried out by the Company to which a Tariff applies, plus a contemporaneous arm’s length profit margin to be determined based on the Transfer Pricing Rules issued by the ZATCA.
