UAE CT REGIME: EXPECTED TRANSFER PRICING IMPACT, TP RULES, METHODS & DOCUMENTATION REQUIREMENTS

With the introduction of a corporate income tax. The UAE CT regime is expected to introduce TP rules and TP...

Dubai Metaverse Strategy. How to Navigate Metaverse Economy?

Dubai Metaverse Strategy. How to Navigate Metaverse Economy.The metaverse could contribute $3 trillion (€2.8 trillion) to the global GDP within...

EXTP007-Excise Tax Public Clarification on deficient or missing goods within a Designated Zone and Excise Tax relief Process

EXTP007 -Excise Tax Public Clarification on deficient or missing goods within a Designated Zone and the process destruction of Excise...

VAT Public Clarification VATP029 on Gold – Making charges

VAT Public Clarification VATP029 on Gold – Making charges The Federal Tax Authority (FTA) has issued a new VAT Public...

Administration of Corporate Tax- Under UAE Corporate Tax Law Consultation Document

π€πƒπŒπˆππˆπ’π“π‘π€π“πˆπŽπ πŽπ… π‚πŽπ‘ππŽπ‘π€π“π„ 𝐓𝐀𝐗 |Β  𝐔𝐀𝐄  π‚πŽπ‘ππŽπ‘π€π“π„ 𝐓𝐀𝐗 𝐋𝐀𝐖 |Β  π‚πŽππ’π”π‹π“π€π“πˆπŽπ πƒπŽπ‚π”πŒπ„ππ“On 31 January 2022, the UAE Ministry of Finance...

Tax Group Key Features- Under UAE Corporate Tax Law Consultation Document

𝐓𝐀𝐗 π†π‘πŽπ”π πŠπ„π˜ 𝐅𝐄𝐀𝐓𝐔𝐑𝐄𝐒 𝐔𝐀𝐄  π‚πŽπ‘ππŽπ‘π€π“π„ 𝐓𝐀𝐗 𝐋𝐀𝐖 π‚πŽππ’π”π‹π“π€π“πˆπŽπ πƒπŽπ‚π”πŒπ„ππ“ On 31 January 2022, the UAE Ministry of Finance announced...

Calculation of Taxable Income and Exemption under UAE Corporate Tax Law Consultation Document

𝐔𝐀𝐄  π‚πŽπ‘ππŽπ‘π€π“π„ 𝐓𝐀𝐗 𝐋𝐀𝐖 π‚πŽππ’π”π‹π“π€π“πˆπŽπ πƒπŽπ‚π”πŒπ„ππ“ πŠπ„π˜ 𝐅𝐄𝐀𝐓𝐔𝐑𝐄𝐒 Calculation of Taxable Income Exemptions On 31 January 2022, the UAE Ministry...

PROPOSED UAE CORPORATE TAX LAW FREE ZONE COMPANIES

𝐔𝐀𝐄  π‚πŽπ‘ππŽπ‘π€π“π„ 𝐓𝐀𝐗 𝐋𝐀𝐖𝐅𝐑𝐄𝐄 π™πŽππ„ π‚πŽπŒππ€ππˆπ„π’π‚πŽππ’π”π‹π“π€π“πˆπŽπ πƒπŽπ‚π”πŒπ„ππ“ UAE Ministry of Finance has released a public consultation document on UAE Corporate...

Tourist VAT Refund Scheme- Guide for UAE Retailers

VAT refund scheme in UAE makes it possible for eligible tourists to receive a portion of  VAT as a refund for...

UAE TAX FREE SHOPPING-HOW TOURIST CAN CLAIM VAT REFUND

WHAT IS TAX FREE SHOPPING? Tax Free shopping is the purchasing of certain taxable goods in the UAE which will...

VAT Refund for Foreign Businesses IN UAE

Foreign businesses / business visitors should check if they are eligible to make a claim for fund of VAT paid...

CORPORATE TAX IN UAE- GUIDE EXEMPT INCOME , TAXABLE INCOME AND ITS CALCULATION

CORPORATE TAX IN THE UAE The Ministry of Finance (MoF) defines corporate tax as a type of direct tax levied...

CT IN UAE- TREATMENT OF TAX GROUPS, CARRIED FORWARD LOSSES, TRANSFER PRICING, AND WITHHOLDING TAXES

The UAE CT regime will become effective for fiscal years starting on or after 1 June 2023 and is expected...

CT IN UAE- TREATMENT OF FREE ZONE COMPANIES, INTERNATIONAL ASPECTS, FREELANCERS AND OIL AND GAS INDUSTRIES

The 9% CT rate, which is one of the lowest CT rates globally, was most likely selected to maintain the...

UAE- SUBMISSION OF VAT REFUND APPLICATION FOR FOREIGN BUSINESSES STARTS FROM MARCH 1st, 2022

UAE – As from 1 March 2022, FTA (Federal tax authority) will open VAT Refund application window for foreign businesses...