Do Taxable Persons need to consider whether intra-group loan arrangements are at arm’s length? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Businesses will be required to maintain information regarding their transactions with Related Parties and Connected Persons, and certain businesses will be required to submit this information along with … Read more
What documentation should be maintained in respect of transfer pricing? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Companies need to keep records of their deals with family members and close associates. Some companies also have to send these records when they file their tax returns. However, if a business … Read more
Who are Connected Persons? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Connected Persons are different from Related Parties. A Person will be considered “connected” to a business that is within the scope of UAE Corporate Tax if they are: The owner of the business; A director or officer … Read more
Who are Related Parties? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Generally, Related Parties of a natural person refer to the natural person’s relatives as well as companies in which the natural person, alone or together with their Related Parties, has a controlling ownership interest (typically 50% or … Read more
Will transfer pricing rules apply to both domestic and cross border transactions? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Yes. Transfer pricing rules apply to UAE businesses that have transactions with Related Parties and Connected Persons, irrespective of whether the Related Parties or Connected Persons are located in … Read more
What are transfer pricing rules? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Transfer pricing rules seek to ensure that transactions between Related Parties are carried out on an arm’s length basis, as if the transaction was carried out between independent parties. To prevent the manipulation of Taxable Income, … Read more
If a Taxable Person’s Net Interest Expenditure is greater than AED 12 million and their adjusted EBITDA is negative for a Tax Period, how much of their Net Interest Expenditure may they deduct? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 If a Taxable Person’s adjusted EBITDA is negative … Read more
Will I be able to deduct interest incurred in relation to loans from Related Parties? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 In cases where a loan is procured from a Related Party, the Interest associated with that loan becomes non-deductible if the loan is utilized to facilitate … Read more
Will the interest General Interest Deduction Limitation Rule apply to Tax Groups? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 A Tax Group’s deductible Net Interest Expenditure will be limited where the Net Interest Expenditure is greater than AED 12 million or the greater of 30% of the Tax … Read more
Will there be any exemptions from the General Interest Deduction Limitation Rules? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Banks, Insurance Providers, and individual taxpayers are exempt from the provisions of the General Interest Deduction Limitation Rule. Consequently, these entities are not obliged to take into account the … Read more