What are the UAE Corporate Tax Implications of the Transfer Pricing Rules?
Transfer pricing rules seek to ensure that transactions between related parties are carried out on arm’s length terms (i.e. as if the transaction was carried out between independent...
Is Your Company Exempted from UAE Corporate Tax? (Check Here)
Introducing corporate tax in the UAE will undoubtedly have an impact on business operations, structures, and future mergers and acquisitions activities in the UAE. It is advisable for all kinds of...
UAE Corporate Tax: Will Authorities Allow Prior Year Losses to Reduce Future Taxable Income?
The UAE Corporate Tax regime will allow a business to use losses incurred (as from the UAE Corporate Tax effective date) to offset taxable income in subsequent financial periods. A loss for Corporate...
What is The UAE Corporate Tax Rate? (Percentage of Your Profits)
The UAE will introduce a federal corporate tax on the profit of businesses from the financial year starting on or after June 1, 2023. A standard statutory tax rate of 9 per cent applies for...
Is there UAE Corporate Tax on Natural Resources? (Oil, Gas, Minerals)
Taxes on Natural Resources? Oil, natural gas, water, and deposits of sand and rocks are the primary natural resources in the UAE. The production and exploitation of these natural resources make up...
How Does UAE Corporate Tax Apply to Government and Government Owned Companies?
Will UAE Corporate Tax apply to Government and Government Owned Entities? While the activities of the Government would typically be non-commercial in nature, the Government may conduct commercial...
