Category: Corporate Tax

The United Arab Emirates, or UAE, has long been hailed as a haven for tax-free businesses. Hence, small entrepreneurs and giant multinational corporations also found its highly lucrative incentives and business-friendliness attractive. The recent announcement of introducing corporate tax buries...

International companies should explore how the United Arab Emirates (UAE) has long been adored by international businesses due to its strategic position, well-developed infrastructure and friendly business policies. The UAE’s corporate tax system is one of the factors that make...

A new Corporate Tax Decision No. 3 of 2024 was announced by the Federal Tax Authority (FTA) on February 22. This decision was announced to maintain the timeliness of corporate tax in UAE registration and the Cabinet decision no. 10...

Transfer Pricing, also known as (TP), refers to the prices of transactions of the goods and services charged by the related parties. For example, if X owns two companies, Company A and Company B, the price set by Company A...

The UAE Ministry of Finance (MoF) has announced the issuance of a cabinet decision on a non-resident person’s Nexus in the UAE for the purposes of corporate tax. Foreign companies and other non-resident juridical persons will be subject to Corporate Tax...

The Ministry of Finance (MoF) in UAE has published Cabinet Decision No. (49) of 2023 specifying the Categories of Businesses or Business Activities Conducted by a Resident or Non-Resident Natural Person that are Subject to Corporate Tax. As per the released...

UAE Corporate Tax Update: The Federal Tax Authority (FTA) in UAE as published “Federal Tax Authority Decision No. 6 of 2023 Tax Deregistration Timeline for the Purposes of Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and...

UAE Corporate Tax Update: The Federal Tax Authority (FTA) in UAE as published an important Decision on UAE Corporate Tax: “Federal Tax Authority Decision No. 5 of 2023 Conditions for Change in Tax Period for the Purposes of Federal Decree-Law...

UAE Corporate Tax Update: Are you required to maintain Audited Financial Statements for your Business? In yet another UAE Corporate Tax Update, the Ministry of Finance (MoF) in UAE has published Ministerial Decision No. 82 of 2023 on the Determination...

Transfer pricing regulations under the UAE Corporate Tax Law intends to ensure that the pricing of a transaction price remains unaffected by the relationships of the parties involved. The Corporate Tax in the UAE aims to apply the arm’s length principle for...