UAE Corporate Tax Questions

Can Business Restructuring Relief apply when a company acquires a business and pays with shares and other forms of consideration such as cash? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Yes, it can, as long as the cash or other payment doesn’t exceed certain limits based on the … Read more

What is Business Restructuring Relief? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course It allows mergers and other corporate restructuring without triggering taxes. It’s optional, and the transferring company must choose it in their tax return. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE … Read more

Is there tax relief for business restructuring like mergers or spin-offs? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, certain business restructuring transactions can happen without causing a tax gain or loss. This is called Business Restructuring Relief. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX … Read more

What’s the difference between a ‘Qualifying Group’ and a ‘Tax Group’? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course A Qualifying Group is a bunch of companies or entities that might choose to move stuff like assets and debts between them without having to pay more taxes or lose money … Read more

What is an ‘ownership interest’ for Transfers within a Qualifying Group? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course An ownership interest includes things like regular shares, special shares, shares that can be redeemed, memberships or partnership interests, and other types of financial rights that let the owner get profits … Read more

Does the transferring company need permission from the receiving company to use this relief? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, both companies must agree to use this relief and keep records of their agreement. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master … Read more

Will the Transfers within a Qualifying Group relief be available where an asset is transferred within a Qualifying Group in exchange for another asset? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 Yes, the relief will be available where an asset is exchanged for another asset within a Qualifying … Read more

How should the receiving company account for the assets or liabilities received? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 They should treat them at the same value the transferring company had on its books. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE … Read more

What if assets or liabilities transferred within a Qualifying Group are later sold or the companies are no longer in the same group? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 If this happens within two years of the original transfer, it could lead to a clawback of the … Read more

What’s a Qualifying Group? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 It’s a group of companies that meet these conditions: They are either UAE resident companies or non-resident companies with a presence in the UAE. One company has 75% or more ownership of the other, or a third … Read more