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
Are UAE companies required to mandatorily prepare and maintain audited Financial Statements ? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 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. … Read more
What does “large” multinationals mean? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 A multinational corporation is a big company that operates in its home country and also in other countries through branches or subsidiaries. Just making money from other countries without having a physical presence there doesn’t make … Read more
What are Pillar Two rules in AD (Additional)? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 The UAE is part of an international framework called the OECD BEPS Inclusive Framework, which aims to tackle global tax challenges. The introduction of a Corporate Tax system in the UAE is a … Read more
What happens if I don’t comply with UAE Corporate Tax rules? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Just like with other taxes in the UAE, if your business doesn’t follow the rules for UAE Corporate Tax, there will be penalties. Contact us for UAE Corporate Tax Advise … Read more