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 | 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 | 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...
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...
