UAE Corporate Tax Questions

Which classifications of assets or liabilities can a Taxable Individual choose to make adjustments to in accordance with the Transitional Regulations? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course It is an intangible asset as defined in the International Financial Reporting Standards (IFRS), that meets all of the following conditions: … Read more

What constitutes a Qualifying Immovable Property in a scholarly context? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Qualifying Immovable Property. Qualifying Intangible Assets. Qualifying Financial Assets Qualifying Financial Liabilities. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate Tax: Explore our course! Visit … Read more

What categories of Assets or Liabilities are eligible for adjustment by a Taxable Person in accordance with the Transitional Rules? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Qualifying Immovable Property. Qualifying Intangible Assets. Qualifying Financial Assets Qualifying Financial Liabilities Contact us for UAE Corporate Tax Advise CONTACT US FOR … Read more

How will it be evaluated that the minimum purchase cost level of AED 4 million has been attained, making Participation the minimum ownership requirement? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course The monetary minimum acquisition cost threshold, amounting to AED 4 million, shall be ascertained by taking into account … Read more

When will revenue from Participating Interests “substantially” comprise a holding company’s interests? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course If a holding company’s average income throughout the relevant Tax Period and the Tax Period prior to it consisted of 50% or more of dividends, capital gains, and other income … Read more

When will a holding company satisfy the condition that the “principal objective and activity of the Participation is the acquisition and holding of shares or equitable interests”? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course When all of the following elements are met, the Participation will satisfy the criterion that … Read more

Will a person be able to exchange my ownership interest as part of a business reorganization for another ownership interest and still meet the conditions of the Participation Exemption? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes. The newly acquired ownership interest will be treated as the same continuous … Read more

Can anyone also be benefited from the Participation Exemption if that person owns Islamic financial instruments? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course In accordance with Shariah principles, a financial instrument may also avail itself of the Participation Exemption, provided that it qualifies as equity under the accounting standards … Read more

Whether the option rights will fall within the scope of the Participation Exemption? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course For the purposes of the Participation Exemption, option rights shall be considered ownership interests if, in accordance with International Financial Reporting Standards (IFRS), the option holder has both beneficial … Read more

Whether a branch can claim the participation exemption? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Yes, however provided that the branch satisfies all other requirements to qualify for the exemption in relation to an ownership interest in a Participation that may be traced to the branch and is … Read more