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
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 …..
Understanding Transfer Pricing in the UAE With the introduction of corporate tax regulations in the UAE, multinational enterprises (MNEs) must adhere to transfer pricing rules when setting prices for goods …..
The UAE Federal Tax Authority (FTA) has recently released detailed guidance on tax grouping regulations under the Corporate Tax Law (CTL), applicable to financial periods starting from June 1, 2023. …..
The UAE’s introduction of corporate tax has understandably raised questions for small businesses. While the Small Business Relief (SBR) aims to ease the transition, meticulous attention to detail during tax …..
A Tax Residency Certificate (TRC) is an official document issued by the Federal Tax Authority (FTA) in the UAE, confirming an individual’s or entity’s tax residency status. This certificate is …..
Overview of CbCR in the UAE The Organization for Economic Co-operation and Development (OECD) has established a standardized three-tier documentation framework, which includes the Master File, Local File, and Country-by-Country …..
Transfer pricing involves setting prices for transactions between related parties (Article 35) or connected persons (Article 36) based on the arm’s length principle. The OECD’s three-tier documentation framework—Master File, Local …..
Dubai’s skyline is a testament to its ambition, and at the heart of its business boom lies the Dubai Multi Commodities Centre (DMCC). It’s not just another free zone; it’s …..
The Federal Tax Authority urges all registrants to have their tax records updated before the end of March 2025. Article 15 of Federal Decree-Law No. 28 of 2022 on Tax …..
A will is a legal document that outlines how an individual wishes to distribute their assets (property, money, and possessions) after their death. It allows the individual, known as the …..
WHY TRANSFER PRICING IS APPLICABLE TO CONNECTED PERSONS? Transfer pricing (TP) rules apply to Connected Persons in the UAE primarily to prevent tax base erosion. The UAE’s definition of “connected …..
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