Can UAE subsidiaries of a foreign parent company form a Tax Group? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, but the UAE subsidiaries must be held by a UAE parent company that forms the Tax Group. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY … Read more
Can a group of UAE companies form a Tax Group for tax purposes? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, UAE resident companies can form a Tax Group and be treated as one entity for tax purposes if the UAE parent company owns at least 95% of the … Read more
How will international airlines and shipping companies be taxed? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Income earned by foreign airlines and shipping companies for international transportation by air or sea is exempt from UAE Corporate Tax. This exemption only applies if the foreign country also grants a similar … Read more
Will asset management companies pay UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Asset management and other financial service companies will pay UAE Corporate Tax. However, certain investment funds can request to be exempt from this tax. Also, UAE-based and regulated fund managers and investment managers can … Read more
Are real estate companies subject to UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, businesses involved in real estate management, construction, development, agency, and brokerage in the UAE have to pay UAE Corporate Tax. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY … Read more
Are banks subject to UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, banks based in the UAE and branches of foreign banks in the UAE have to pay UAE Corporate Tax. Contact us for UAE Corporate Tax Advise CONTACT US FOR TAX CONSULTANCY Master UAE Corporate … Read more
Are oil and gas companies subject to UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Companies that work in the oil and gas industry and some other businesses related to natural resources in the UAE are generally not covered by UAE Corporate Tax, as long as they … Read more
What foreign taxes can you use as a credit against UAE Corporate Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 You can use foreign taxes like Withholding Tax and other taxes on income or profits if there’s an agreement or treaty between the UAE and the foreign country … Read more
Can you get a credit for foreign taxes paid on income also taxed in the UAE? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course Yes, if you pay taxes in another country on income that’s also taxed in the UAE, you can subtract the foreign tax from what you owe … Read more
Does the UAE have Withholding Tax? Contact us for UAE Corporate Tax Advise Check our UAE Corporate Tax Course https://www.youtube.com/watch?v=UuYSOpakKR8 For some types of income that come from the UAE and are paid to people or businesses outside the UAE, there’s a 0% Withholding Tax. This means that in practice, no tax gets deducted, and … Read more