What is Withholding Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Withholding Tax is a type of tax that gets collected directly by the person paying the money (the payer) on behalf of the person receiving the money (the recipient). It’s common in many tax systems and usually … Read more
What do companies need to do to transfer losses within a group? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 To move losses from one company to another in the same group, these conditions must be met: Both companies are based in the UAE. One owns 75% or more … Read more
Can one company’s losses help another company in the same group? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 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 … Read more
Can businesses get relief for losses before they had to pay taxes? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course No, losses from before a business had to pay taxes can’t be used to reduce future taxes. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master … Read more
Does changing the owner affect using Tax Losses? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 If the same owner or owners have at least 50% ownership in the business with losses, they can keep using those losses indefinitely. If ownership changes by more than 50%, they can still … Read more
Can Tax Losses from previous years reduce future taxes? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, but there are rules. A business can use some of its past Tax Losses to lower its taxes in future years, but only up to 75% of its income in those future … Read more
What are “Tax Losses”? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Tax Losses happen when a business’s expenses are more than the money it made, resulting in a negative income for tax purposes. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: … Read more
Do companies have to use the fair pricing rule from their first year of paying taxes? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, they do. The fair pricing rule applies to all deals between a company and the other companies it’s connected to, and it affects how much … Read more
Do companies with less than AED 200 million in revenue have to use the fair pricing rule? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, they do. The fair pricing rule applies to all deals between a company and the other companies it’s connected to, no matter how much … Read more
Will all businesses need to comply with the transfer pricing regulations, or will there be a threshold for small businesses? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Every company must follow the rules about transfer pricing in the Corporate Tax Law. But, there are exceptions: Small businesses that choose … Read more