UAE Corporate Tax: Tax residency for global companies

by Sheetal Soni | Oct 20, 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...

Expert View: How to maximise tax efficiency and minimise liabilities

by Sheetal Soni | Oct 20, 2024 | Media & Article

In the complex landscape of corporate taxation, businesses are constantly seeking ways to optimise their tax strategies and enhance their bottom line. One such strategy involves the formation of group structures known as tax groups and qualifying groups, which can...

Treatment of incorporated partnerships versus un-incorporated partnerships under UAE corporate tax laws

by Sheetal Soni | Oct 20, 2024 | Media & Article

A partnership is a collaborative agreement where two or more individuals join forces to conduct business and share the resulting profits and losses. In the UAE, partnerships can be either incorporated or unincorporated, each carrying distinct legal and tax...

Decoding corporate tax implications on UAE real estate investors

by Sheetal Soni | Oct 20, 2024 | Media & Article

The Emirates, renowned for its robust economy and strategic global positioning, continues to attract investors and entrepreneurs alike. Within this dynamic economic landscape, the real estate industry emerges as a cornerstone, playing a pivotal role in propelling the...

UAE corporate tax registration deadlines approaching: initial steps towards compliance

by Sheetal Soni | Oct 20, 2024 | Media & Article

On June 1, 2023, the UAE implemented the Corporate Tax law, significantly transforming the tax landscape for all business entities operating within its jurisdiction. This legislation applies to entities across the UAE, including those on the mainland, within free...