UAE-Ministry of Finance decision on transfer pricing documentation requirements for corporate tax purposes
UAE-Ministry of Finance issues decision on transfer pricing documentation requirements for corporate tax purposes By Alia Noor, FCMA, CIMA, MBA, Oxford fintech programme, GCC VAT Comp Dip,COSO Framework. Associate Partner Ahmad Alagbari Chartered Accountants, UAE Founder xpertsleague The Ministry of Finance has issued the…
UAE-Ministry of Finance issues Ministerial Decision on Exempt Persons for Corporate Tax Purposes
UAE -Ministerial Decision on Exempt Persons for Corporate Tax Purposes The Ministry of Finance (MoF) of the United Arab Emirates (UAE) issues Ministerial Decision No. 105 of 2023 on the Determination of the Conditions under which a Person may Continue to be Deemed as an…
Does meeting UAE Domestic Tax Residency criteria mean Corporate Tax Applicability?
By Alia Noor, FCMA, CIMA, MBA, Oxford fintech programme, GCC VAT Comp Dip,COSO Framework. Associate Partner Ahmad Alagbari Chartered Accountants, UAE Founder xpertsleague With the introduction of Corporate Income Tax (CIT), which will enter into effect for financial years starting on or after 1 June…
UAE CT LAW – Qualifying Freezone person should opt 0% or 9% CT rate
By Alia Noor, FCMA, CIMA, MBA, Oxford fintech programme, GCC VAT Comp Dip,COSO Framework. Associate Partner Ahmad Alagbari Chartered Accountants, UAE Founder xpertsleague A Freezone person and A Qualifying Freezone person Every person who is conducting business in a Free Zone is automatically a Free…
UAE CT-Decision No28-Taxable Persons Required to Prepare and Maintain Audited Financial Statements
By Alia Noor, FCMA, CIMA, MBA, Oxford fintech programme, GCC VAT Comp Dip,COSO Framework. Associate Partner Ahmad Alagbari Chartered Accountants, UAE Founder xpertsleague UAE Ministerial Decision No. 82 of 2023- Taxable Persons Required to Prepare and Maintain Audited Financial Statements UAE published Ministerial Decision No….
UAE CT Law- Conditions for not creating Permanent Establishment
By Alia Noor, FCMA, CIMA, MBA, Oxford fintech programme, GCC VAT Comp Dip,COSO Framework. Associate Partner Ahmad Alagbari Chartered Accountants, UAE Founder xpertsleague UAE publishes Ministerial Decision No. 83 of 2023 on the Determination of the Conditions under which the Presence of a Natural Person…
UAE CT-Tax Deregistration Timeline for purposes of Corporate Tax
UAE Corporate Tax update FTA publishes decision No 6 of 2023 on the Tax Deregistration Timeline for purposes of Corporate Tax. By Alia Noor, FCMA, CIMA, MBA, Oxford fintech programme, GCC VAT Comp Dip,COSO Framework. Associate Partner Ahmad Alagbari Chartered Accountants, UAE Founder xpertsleague…
UAE CT -FTA Published Conditions for Change in Tax Period
UAE CORPORATE TAX UPDATE-FTA publishes decision No 5 of 2023 on the Conditions for Change in Tax Period. The FTA has issued Federal Tax Authority Decision No. 5 of 2023 on the Conditions for Change in Tax Period. This Decision shall be published in the…
UAE CT-Decision on provisions for Exemption from CT
UAE FTA publishes FTA decision No 7 of 2023 on the Provisions of Exemption from Corporate Tax. The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) published FTA Decision No. 7 of 2023 (Decision), delineating certain procedures for registration and application for exemption…
UAE CT- TAX GROUPS AND QUALIFYING GROUPS
UAE CORPORATE TAX – QUALIFYING GROUP AND TAX GROUP Large businesses often conduct their operations through a group of companies, which has a parent company and a number of subsidiaries. By forming a corporate tax group in the UAE, businesses can also enjoy benefits such…
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