January 28, 2025
Taxation
Top Exemptions in UAE Corporate Tax: What You Need to Know The UAE’s corporate tax law, implemented in June 2023, imposes a 9% corporate tax
Introduction This article explores the treatment of management services from a transfer pricing perspective in the United Arab Emirates (UAE). With the introduction of transfer pricing regulations under the UAE …..
Overview Each Double Taxation Avoidance Agreement (DTAA) sets its own rules and criteria to determine when juridical and natural persons qualify as tax residents in the countries that are parties …..
Introduction With the introduction of corporate tax in the UAE, Transfer Pricing (TP) regulations have brought greater focus to benchmarking salaries, particularly for Key Management Personnel (KMP). When KMP qualify …..
Under the UAE Corporate Tax Law, transfer pricing (TP) rules require that transactions between related parties be conducted at arm’s length—i.e., consistent with prices charged between independent parties in comparable …..
Understanding UAE Tax Residency for Individuals: A Step-by-Step Guide Alternatively, 183-Day Residency Test A natural person is classified as a UAE Tax Resident if they have been physically present in …..
Freezones are designated areas that offer businesses special incentives and relaxed regulatory frameworks to encourage business activities. UAE is home for almost 46 freezones, which are strategically formed to attract …..
Overview Applying for a Tax Residency Certificate (TRC) for Non-DTA Purposes requires specific documentation based on the applicant’s category. The Federal Tax Authority (FTA) has outlined distinct requirements for natural …..
Dubai is a global attraction for start-ups and businesses. The free zones, which are designated areas for business operations, provide foreign investors with 100% ownership and facilitate streamlined processes for …..
The conditions for determining UAE domestic tax residency are outlined in Article 53 of Federal Decree-Law No. 28 of 2022 and Cabinet Decision No. 85 of 2022. Further guidance, particularly …..
Introduction This article addresses intra-group services—activities performed by one or more Group members that benefit others within the group—and whether they are priced according to the Arm’s Length Principle. Just …..
With the UAE’s adoption of corporate tax, Transfer Pricing (TP) regulations have become central to ensuring tax transparency and compliance. A key area under scrutiny is the treatment of Key …..
The application of transfer pricing procedures has grabbed abundant attention globally with the increasing importance of transfer pricing on corporate taxation in the UAE. Businesses involved in cross-border transactions realize …..
As part of the usual transactions performed between Related parties, Reimbursement transactions may arise that in many cases are undertaken to facilitate the transactions in a smoother way. It is …..
Transfer Pricing methods are used to establish whether Controlled Transactions (transactions with Related Parties (RP) and Connected Persons (CP)) are conducted at arm’s length. There are five internationally accepted Transfer …..
In the rapidly evolving economic environment of the UAE, start-ups or established businesses are constantly seeking cost-effective accounting solutions to grow and streamline their business. BCL Globiz offers special pricing …..
Background On 31 January 2022, the Ministry of Finance (MoF) of the United Arab Emirates (UAE) announced the introduction of a Federal Corporate Tax (CT) on business profits. This tax …..
Under the Corporate Tax Law, a 0% tax rate applies to the qualifying income of a QFZP. This article aims to provide a comprehensive overview of a Qualifying Free Zone …..
The FTA has announced an initiative for the waiver of penalties for late corporate tax registration. This is largely intended to support the UAE business sector by providing mechanisms that …..
Overview With its strong infrastructure, strategic location, and business-friendly policies, the United Arab Emirates (UAE) has become a leading global hub for commerce and innovation in the Middle East. Over …..
Learn how to set up or open a company at RAKEZ. It is strategically important for the business to choose the free zone that suits its needs. Ras Al Khaimah …..
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