by Sheetal Soni | Oct 20, 2024 | Media & Article
Generally all free zone entities will be taxed at nine per cent over and above profits of Dh375,000. However, if the free zone person is a qualifying free zone person earning qualifying income and is satisfying the conditions of De Minimis then the free zone person...
by Sheetal Soni | 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...
by Sheetal Soni | 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...
by Sheetal Soni | 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...
by Sheetal Soni | 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...
