Can one company’s losses help another company in the same group?
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 in the other company. But this doesn’t apply if the companies are exempt or have a 0% tax rate in a free zone.
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Related Content for UAE Corporate Tax
Are Free Zone companies in UAE liable to Corporate Tax ?
Free Zone has distinct taxation system based on Qualifying Income and Excluded Income. It is therefore essential to know the kind of income taxable under UAE Corporate Tax Law for Free Zone companies.
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If your business exceeds the Revenue Threshold limit for Small Business Relief, can you split up your business to claim Small Business Relief as per UAE Corporate Tax Law or will it constitute a Tax Crime punishable under the UAE Tax Procedures Law?
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