Who are considered as Connected Persons?

Transfer Pricing
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Who are considered as Connected Persons?

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A Person is considered a connected person of a taxable person if that person is:

  • an individual, who directly or indirectly owns an ownership interest in the Taxable Person or Controls such Taxable Person, or a Related Party of such individual;
  • a director or officer of the Taxable Person, or a Related Party of the said director or officer; or
  • a partner in an Unincorporated Partnership, and any Related Party of such partner

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