Are Transactions with Resident Related Party Taxable at Different rates to be included in Local File? Contact us for UAE Corporate Tax Advise Two UAE entities, both local residents, are engaged in a transaction. Entity A is subject to corporate tax at 9%, while Entity B is subject to corporate tax at 0%. Both entities … Read more
Are transactions with Resident Related Party claiming Small Business Relief liable to be included in Local File? Contact us for UAE Corporate Tax Advise https://youtu.be/Vy7a8l1akfU A UAE Company engages in transactions with a related party or connected persons, and the related party is claiming small business relief. Are the transactions with the resident related party … Read more
WHICH UAE ENTITIES NEED TO MAINTAIN MASTER FILE AND LOCAL FILEFOR TRANSFER PRICING COMPLIANCE? Contact us for UAE Corporate Tax Advise https://youtu.be/MCHfLMyYUWM Article 55 of UAE Corporate Tax Law: This article pertains to transfer pricing regulations and applies when a taxable person engages in transactions with related parties or connected persons. Transfer Pricing Guidelines: The … Read more
Is Tax Registration Mandatory for Foreign Company deriving income from UAE? Contact us for UAE Corporate Tax Advise https://youtu.be/Pr8hq0DG-Tg If you are a foreign company engaged in business activities within the United Arab Emirates (UAE) and deriving income from the UAE, you may be subject to different tax rules depending on their legal structure and … Read more
Are Free Zone Companies required to prepare & maintain Audited Financial Statements? Contact us for UAE Corporate Tax Advise To under if the Free Zone Entities are required to prepare and maintain audited financial statements, it is essential to understand the nature of Free Zone Companies. Additionally, this exemption is based on Ministerial Decision No … Read more
Introduction – Chapter 11- Transfer of Tax Loss under UAE Corporate Tax Law As a corporate entity that is engaged in Business Activities, operating in a dynamic economy can lead to business losses, i.e., the expenses incurred are more than the revenue earned. During that Tax Period, the Taxable Income will be negative after calculation. … Read more