What’s the difference between a ‘Qualifying Group’ and a ‘Tax Group’?
- 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 when they calculate how much tax they owe.
- A Tax Group, on the other hand, is a group of companies that have asked the Federal Tax Authority and got permission to act like they’re just one company when it comes to paying taxes.
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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?
