Tax Base Analysis of Corporate Tax in UAE
Tax Base –(Article 12) State Sourced Income–(Article 13) Permanent Establishment–(Article 14) Fixed or Permanent Place–(Article 14) Fixed or Permanent Place–Exceptions (Article 14) A fixed place or permanent place is not operated by the non-resident person, or its related party or…
Read moreWhat is the taxable and exempt income for corporate tax?
Taxable Income–(Article 20) Taxable Income– Financial Statements (Article 20) Taxable Person that prepares financial statements on an accrual basis may elect to take into account gains and losses on a realization basis in relation to: Exempt Income–(Article 22) Participation Exemption…
Read moreOverview of Related Parties & Related Party Transaction Under Corporate Tax
Related Parties–(Article 35) Transactions between Related Parties–(Article 34) Arm’s length ruleThe arm’s length result of a transaction or arrangement between Related Parties must be determined by applying one or a combination of the following transfer pricing methods:a. The comparable uncontrolled…
Read moreGuide to Registration and Deregistration of Corporate Tax in UAE
This article provides useful information about corporation tax registration and deregistration. Read on to simplify your company tax compliance journey. Registration–(Article 51) Tax Groups–(Conditions: Article 40) If a Government Entity have one or more subsidiaries where hold 95% or more…
Read moreWho is exempt from UAE corporate tax?
Government Entities – Exceptions (Article 5) (automatic exemption) Government Controlled Entities that are specified in a Cabinet Decision – Exceptions (Article 6) (automatic exemption) Extractive Business – CONDITIONS (Article 7) a. The Person directly or indirectly holds or has an…
Read moreTaxable Person as per Corporate Tax Law in UAE
Family Foundations–(Conditions: Article 17) Can make an application to the Authority to be treated as an Unincorporated Partnershipbased on following conditions: Unincorporated Partnerships–(Article 16) Transfer of Tax Loss–(Article 38) Tax loss can be offset against taxable income of another person…
Read moreSignificant CD, MD, and FTA Decisions related to Corporate Tax in UAE
Note: This blog is prepared on the basis of The UAE Corporate Tax Law and its relevant CD and MD is released by MOF. This is only for informative purposes and should not be used or relied upon to make individual…
Read moreRestriction of Foreign Company Formation in UAE
A foreign company that needs to begin a business in the UAE can decide to set up tasks as a branch, representative office or registered company incorporation in Dubai, or it can designate a business operator to sell its items…
Read moreBusiness Process Restructuring Services in UAE
The UAE’s dynamic business landscape thrives on innovation and efficiency. But even the most successful companies can get bogged down by outdated processes. This is where Business Process Restructuring (BPR) comes in. What is Business Process Restructuring? BPR is a…
Read moreCompliance & Anti-Money Laundering Services
Governance, Risk, and Compliance standards also include keeping an eye on and controlling the risks that come with money laundering. It is necessary to follow these rules so that the UAE stays an investor-friendly place to do business. There are…
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