What occurs when a Tax Group dissolves?
When a Tax Group ends, each company that was part of the group will now be taxed as separate entities. Any pre-Grouping Tax Losses stay with the individual companies. If the Tax Group had generated Tax Losses, and the parent company still exists after the group ends, those Tax Losses remain with the parent company. But if the parent company also ceases to exist, the Tax Losses of the Tax Group are lost.
CONTACT US FOR TAX CONSULTANCY
Master UAE Corporate Tax: Explore our course!
Related Content for UAE Corporate Tax
Are Free Zone companies in UAE liable to Corporate Tax ?
Free Zone has distinct taxation system based on Qualifying Income and Excluded Income. It is therefore essential to know the kind of income taxable under UAE Corporate Tax Law for Free Zone companies.
Can you Split up your Business to claim Small Business Relief in the UAE?
If your business exceeds the Revenue Threshold limit for Small Business Relief, can you split up your business to claim Small Business Relief as per UAE Corporate Tax Law or will it constitute a Tax Crime punishable under the UAE Tax Procedures Law?
Who is a Taxable Person under UAE Corporate Tax Laws?
Are you a Taxable Person liable for Corporate Tax under the UAE Corporate Tax Law? Can an Exempt Person be considered as a Taxable Person?
