What is the treatment of income earned from commercial property located in a Free Zone? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 If a company earns money by renting or selling commercial property in the Free Zone, it gets the tax benefits. But if it’s not in the … Read more
What is the treatment of royalties and other income from intellectual property assets? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Income from things like patents, copyrights, and trademarks is not allowed under the rules for Free Zone Persons. Contact us for UAE Corporate Tax Advise CONTACT US FOR … Read more
What is the relevance of being located in a Designated Zone for a distribution business? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Being in a Designated Zone allows a company to earn money by selling goods to other businesses inside and outside the UAE. Contact us for UAE … Read more
What is the Corporate Tax treatment of income derived from Excluded Activities? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 If a company makes too much money from Excluded Activities, it can’t get the tax benefits. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master … Read more
What are Excluded Activities for Free Zones? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 These are activities that a company can’t do if it wants to get the tax benefits. The list of these activities is in the rules. Contact us for UAE Corporate Tax Advise CONTACT US … Read more
When is another Free Zone Person considered the beneficial recipient of a transaction with a Qualifying Free Zone Person? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Another company in the Free Zone is the beneficial recipient if they have the right to use what the Qualifying Free Zone … Read more
Is all income derived from transactions with other Free Zone Persons considered Qualifying Income? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Yes, money earned from doing business with other companies in the Free Zone is Qualifying Income, unless it’s from activities that are not allowed. Contact us for … Read more
Are Qualifying Free Zone Persons required to maintain audited financial statements? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Yes, these companies must have their financial records checked by an independent auditor Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: Explore … Read more
What transfer pricing documentation must a Qualifying Free Zone Person prepare and maintain? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course They need to keep documents to show that their business transactions are fair and reasonable. This includes documents to prove their prices are fair when they buy or sell … Read more
Are Qualifying Free Zone Persons required to comply with transfer pricing rules? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, these companies must make sure they do business fairly with other companies, whether they are in the UAE or abroad. Contact us for UAE Corporate Tax Advise CONTACT US … Read more