Are banks subject to UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, banks based in the UAE and branches of foreign banks in the UAE have to pay UAE Corporate Tax. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate … Read more
Are oil and gas companies subject to UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Companies that work in the oil and gas industry and some other businesses related to natural resources in the UAE are generally not covered by UAE Corporate Tax, as long as they … Read more
What foreign taxes can you use as a credit against UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 You can use foreign taxes like Withholding Tax and other taxes on income or profits if there’s an agreement or treaty between the UAE and the foreign country … Read more
Can you get a credit for foreign taxes paid on income also taxed in the UAE? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, if you pay taxes in another country on income that’s also taxed in the UAE, you can subtract the foreign tax from what you owe … Read more
Does the UAE have Withholding Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 For some types of income that come from the UAE and are paid to people or businesses outside the UAE, there’s a 0% Withholding Tax. This means that in practice, no tax gets deducted, and … Read more
What is Withholding Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Withholding Tax is a type of tax that gets collected directly by the person paying the money (the payer) on behalf of the person receiving the money (the recipient). It’s common in many tax systems and usually … Read more
What do companies need to do to transfer losses within a group? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 To move losses from one company to another in the same group, these conditions must be met: Both companies are based in the UAE. One owns 75% or more … Read more
Can one company’s losses help another company in the same group? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Yes, if one company in a group has losses, and 75% or more of the ownership is the same for both companies, they can use those losses to reduce taxes … Read more
Can businesses get relief for losses before they had to pay taxes? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course No, losses from before a business had to pay taxes can’t be used to reduce future taxes. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master … Read more
Does changing the owner affect using Tax Losses? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 If the same owner or owners have at least 50% ownership in the business with losses, they can keep using those losses indefinitely. If ownership changes by more than 50%, they can still … Read more