In the UAE, the concept of Permanent Establishment (PE) is crucial for determining a company’s tax obligations. Under UAE corporate tax law, whether a foreign company or a local entity, the classification of a Permanent Establishment influences the tax liabilities and compliance requirements. This article delves into the key aspects of Permanent Establishment, providing clarity … Read more
In the UAE, corporate tax regulations require businesses to be aware of various income categories, including State Sourced Income. This term refers to income generated from activities or assets located within a specific state or region. Understanding how State Sourced Income is treated under UAE tax laws is crucial for both local and foreign companies … Read more
The concept of Nexus in UAE Corporate Tax plays a significant role in determining whether a business has a taxable presence within the UAE. Nexus refers to the degree of connection a company has with the UAE that triggers corporate tax obligations. Whether a company is local or foreign, understanding Nexus helps determine tax liability, … Read more
With the introduction of corporate tax in the UAE, foreign businesses need to understand their obligations, as non-resident persons. Non-resident persons conducting business or earning income in the UAE must comply with various corporate tax requirements, as may be applicable to them. This article covers some of the key aspects and questions on the subject, … Read more
Form W-8BEN-E is a tax form , which is required to be provided by UAE companies to certify their status, to their US customers, for U.S. tax withholding purposes. UAE companies are required to file Form W-8BEN-E to US customers, who may be remitting certain income / payments to them. The information provided by UAE … Read more
UAE Corporate Tax – Learn about UAE Corporate tax rates, exemptions, and regulations impacting businesses in the United Arab Emirates. Chapter One – General provisions Chapter Two – Imposition of Corporate Tax and Applicable Rates Chapter Three – Exempt Person under UAE Corporate Tax Law Chapter Four – Taxable Person and Corporate Tax Base Chapter … Read more
XYZ Inc. earns UAE-sourced income but doesn’t have a PE in the UAE. Is it required to register for UAE Corporate Tax? Yes No Answer Answer: No XYZ Inc. has established a management office, QRS LLC in the UAE for the supervisory work. Would this office constitute as PE in the UAE? Yes No Answer … Read more
Are UAE companies required to mandatorily prepare and maintain audited Financial Statements ? Contact us for UAE Corporate Tax Advise UAE companies’ requirement to prepare and maintain audited Financial Statements depends on their status as either a Qualifying Free Zone Company or the amount of their annual revenue. The important points are: Qualifying Free Zone … Read more
UAE Corporate Tax in Dubai and other Emirates, is an evolving law, one that has vast implications for the business, professional and individuals working in the UAE. It is a direct tax levied on the net income of corporations and other businesses . Some of the key features of UAE Corporate Tax in Dubai are … Read more
Taxation of UAE Residents – Introduction In the UAE, taxation of UAE resident, shall depend on their tax status. Generally, the following person are treated as a UAE resident for income tax purpose – Taxation of UAE Resident : – Legal person incorporated in the UAE; Natural person, engaged in business in the UAE, directly … Read more