Taxation

11 May 23

UAE-Ministry of Finance issues decision on transfer pricing documentation requirements for corporate tax purposes

UAE-Ministry of Finance issues decision on transfer pricing documentation requirements for corporate tax purposes The Ministry of Finance has issued the Ministerial Decision No (97) of 2023 on the Requirements for Maintaining Transfer Pricing Documentation which aims to promote transparency and fairness in the UAE’s tax system. Federal Decree Law…

10 May 23

UAE-Ministry of Finance issues Ministerial Decision on Exempt Persons for Corporate Tax Purposes

UAE -Ministerial Decision on Exempt Persons for Corporate Tax Purposes The Ministry of Finance (MoF) of the United Arab Emirates (UAE) issues Ministerial Decision No. 105 of 2023 on the Determination of the Conditions under which a Person may Continue to be Deemed as an Exempt Person, or Cease to…

02 May 23

Does meeting UAE Domestic Tax Residency criteria mean Corporate Tax Applicability?

With the introduction of Corporate Income Tax (CIT), which will enter into effect for financial years starting on or after 1 June 2023, it was necessary for the UAE to establish clear domestic tax residency criteria. The new domestic law was issued on 22 February 2023, which provides a clear definition of…

30 Apr 23

UAE CT LAW – Qualifying Freezone person should opt 0% or 9% CT rate?

A Freezone person and A Qualifying Freezone person Every person who is conducting business in a Free Zone is automatically a Free Zone person. However, in order to be a qualified Free Zone Person, all the conditions below must be met. Even if one condition is not met, then the…

28 Apr 23

UAE Ministerial Decision No. 82 of 2023- Taxable Persons Required to Prepare and Maintain Audited Financial Statements

UAE published Ministerial Decision No. 82 of 2023 on the Determination of Categories of Taxable Persons Required to Prepare and Maintain Audited Financial Statements for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses This Ministerial Decision was published on 10 April 2023…

28 Apr 23

UAE CT-Decision on provisions for Exemption from CT

The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) published FTA Decision No. 7 of 2023 (Decision), delineating certain procedures for registration and application for exemption under the UAE CT Law. Federal Tax Authority Decision No. 7 of 2023 is Issued on 7 April 2023 which is Effective…

28 Apr 23

UAE CT Law- Conditions for not creating Permanent Establishment

UAE publishes Ministerial Decision No. 83 of 2023 on the Determination of the Conditions under which the Presence of a Natural Person in the State would not Create a Permanent Establishment for a Non-Resident Person for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and…

27 Apr 23

UAE CT-Tax Deregistration Timeline for purposes of Corporate Tax

UAE Corporate Tax update FTA publishes decision No 6 of 2023 on the Tax Deregistration Timeline for purposes of Corporate Tax. The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) published FTA Decision No. 6 of 2023 (Decision) on the timelines for Tax Deregistration under the UAE CT…

27 Apr 23

UAE CT -FTA Published Conditions for Change in Tax Period

UAE CORPORATE TAX UPDATE-FTA publishes decision No 5 of 2023 on the Conditions for Change in Tax Period. The FTA has issued Federal Tax Authority Decision No. 5 of 2023 on the Conditions for Change in Tax Period. This Decision shall be published in the Official Gazette and shall come…

27 Apr 23

UAE CT- TAX GROUPS AND QUALIFYING GROUPS

UAE CORPORATE TAX – QUALIFYING GROUP AND TAX GROUP Large businesses often conduct their operations through a group of companies, which has a parent company and a number of subsidiaries. By forming a corporate tax group in the UAE, businesses can also enjoy benefits such as better tax planning ,reduction…

UAE-Ministry of Finance issues decision on transfer pricing documentation requirements for corporate tax purposes

UAE-Ministry of Finance issues Ministerial Decision on Exempt Persons for Corporate Tax Purposes

Does meeting UAE Domestic Tax Residency criteria mean Corporate Tax Applicability?

UAE CT LAW – Qualifying Freezone person should opt 0% or 9% CT rate?

UAE Ministerial Decision No. 82 of 2023- Taxable Persons Required to Prepare and Maintain Audited Financial Statements

UAE CT-Decision on provisions for Exemption from CT

UAE CT Law- Conditions for not creating Permanent Establishment

UAE CT-Tax Deregistration Timeline for purposes of Corporate Tax

UAE CT -FTA Published Conditions for Change in Tax Period

UAE CT- TAX GROUPS AND QUALIFYING GROUPS

Dubai’s New Rulebook: How Free Zone Businesses Can Officially Step into the Mainland.

UAE-Ministry of Finance issues decision on transfer pricing documentation requirements for corporate tax purposes

UAE-Ministry of Finance issues Ministerial Decision on Exempt Persons for Corporate Tax Purposes

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