Transfer Pricing – End is the New Beginning

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United Arab Emirates (UAE) has always been an attractive destination for businesses due to its strategic location, business-friendly environment, world-class infrastructure and a tax-free country. The country has recently introduced a new tax law known as the Federal Corporate Tax (“Corporate Tax Law”). This law aims to establish a legal framework for the collection and […]

What is VAT? A Value-Added Explainer for UAE Taxation

UAE Taxation

One of the unequivocal truths about taxation is – neither anyone likes to have it nor everybody wants to pay it! When such is the case, a Value Added Tax sounds like an oxymoron. No wonder the history of VAT began during the First World War. although German industrialist Wilhelm von Siemens proposed the concept […]

Economic Substance Regulation in the UAE: Prepared For It?

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Why was ESR introduced in the UAE Let’s begin with a fundamental question. Why did UAE implemented Economic Substance regulations, who come under the ambit of it and what does it mean to the corporations in particular? We also elucidate briefly on who will be exempted from the ESC and what are the conditions required […]

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