by Sheetal Soni | Jan 16, 2024 | Media & Article
In a move to ensure a fair and transparent corporate tax regime, the UAE has laid down comprehensive guidelines for determining the tax residency of entities, be they local or foreign. At the heart of this taxation framework lies the crucial concept of place of...
by Sheetal Soni | Jan 3, 2024 | Media & Article
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...
by Sheetal Soni | Dec 10, 2023 | 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 | Nov 5, 2023 | 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 26, 2023 | 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...
