Introduction The Ministerial Decision by the UAE has brought forth certain guidelines regarding the Tax Groups as per Article 40 of the UAE Corporate Tax Law.  What are the Ownership Requirements?   It is necessary to fulfill the continuous requirements listed in Article 40(1) of the UAE Corporate Tax Law for the complete duration of the applicable … Read more

Introduction  The effect of UAE Corporate Tax Law is immense on international businesses. United Arab Emirates (UAE) is a leading global hub for business and investment, with a diverse and dynamic economy that offers attractive opportunities for domestic and foreign investors. The UAE has recently introduced a Federal Corporate Tax (CT) law that will apply … Read more

INTRODUCTION   Under UAE Corporate Tax Law, Qualifying Income (“QI”) of Qualifying Free Zone Person (“QFZP”) is exempted from taxation. Income from Qualifying Activities amounting to Qualifying Income is exempted from tax liability, while income from other activities, including Excluded Activities, amounts to Non-Qualifying Income which is liable for 9% tax liability as per Article 3 … Read more

Introduction – Deductions under UAE Corporate Tax Law A Taxable Person, under the recently announced UAE Corporate Tax Law, has been provided with certain tax deductions from their Taxable Income that are incurred by the Person during the relevant Tax Period. But what is a tax deduction? As per the UAE CT Law, it refers … Read more

UAE Corporate Tax Law is to be effective from June 1st, 2023 in the UAE. There have been several decisions and updates by the Cabinet, Ministry of Finance, and Federal Tax Authority for the same. To not miss an update, we have provided a comprehensive table with all the latest notifications, decisions, etc. on the … Read more