What do companies need to do to transfer losses within a group?
To move losses from one company to another in the same group, these conditions must be met:
- Both companies are based in the UAE.
- One owns 75% or more of the other, or a third party owns 75% or more of both companies, and this has been the case throughout the relevant tax period.
- Neither company is exempt or in a qualifying free zone.
- Both companies use the same accounting rules and have the same financial year.
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