Having multiple group companies? Unlocking compliance efficiency in UAE corporate taxation

by girish | Oct 20, 2024 | Media & Article

The UAE’s corporate tax landscape is undergoing a significant transformation through the introduction of tax groups, governed by the Corporate Tax Act and Ministerial Decision No. 125 of 2023. This “business friendly” provision enables related group companies to...

Exciting news for commodity traders in the UAE on corporate taxation

by girish | Oct 20, 2024 | Media & Article

Thrilled to share a game-changing decision by the UAE Cabinet that could have a significant impact on commodity trading businesses, particularly those in non-designated free zone entities, including DMCC entities. As of November 3, 2023, the UAE Ministry has...

UAE’s single-digit corporate tax regime: Redefining global standards for fiscal efficiency

by girish | Oct 20, 2024 | Media & Article

In a transformative move that has reshaped the economic landscape, the UAE introduced its comprehensive Corporate Tax regime on June 1, 2023. This historic step has not merely redefined the nation’s fiscal policies but has also positioned the UAE as a beacon of...

Beyond borders: Unpacking the impact of corporate tax on multinationals in the UAE

by girish | Oct 20, 2024 | Media & Article

The UAE has entered a new era with the implementation of a Corporate Tax (CT) regime from June 1, 2023. This pivotal shift holds profound implications for multinational enterprises (MNEs) operating within the UAE, reshaping their strategies and compliance frameworks...

Demystifying corporate tax for individuals and natural persons in the UAE

by girish | Oct 20, 2024 | Uncategorized

The implementation of the UAE corporate tax law has sparked numerous inquiries and confusion, particularly regarding its impact on natural persons. In the context of this law, a “natural person” refers to an individual, distinguishing them from legal entities such as...