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 | Nov 13, 2023 | 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...
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...
by Sheetal Soni | Sep 25, 2023 | 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 | Sep 18, 2023 | Media & Article
Investment funds (IFs) are commonly organised as limited partnerships (as opposed to corporate entities) to ensure tax neutrality for their investors. This puts investors in the fund in a similar tax position as if they had invested directly in the underlying assets...
