UAE Corporate Tax

How to get UAE Tax Residence Certificate (TRC) UAE One can obtain UAE Tax Residence Certificate (TRC) by making an online application to the UAE Federal Tax Authority . A TRC is issued by the FTA to individuals, companies or other  entities , who are eligible for obtaining it, after verification of various documents like … Read more

Introduction to General Interest Deduction Limitation Rule  In recent years, the taxation landscape has witnessed significant developments aimed at ensuring fairness, transparency, and compliance in corporate taxation. One such development is the General Interest Deduction Limitation Rule, which imposes restrictions on the deductibility of interest expenses for tax purposes. This article provides an in-depth analysis … Read more

Introduction The UAE has introduced a corporate tax regime that applies to all resident persons, which are juridical persons that are incorporated or registered in the UAE or have their place of effective management in the UAE. If a person’s taxable income is AED 375,000 or less, they are not subject to any corporate tax. … Read more

Introduction The Ministerial Decision by the UAE has brought forth certain guidelines regarding the Tax Groups as per Article 40 of the UAE Corporate Tax Law.  What are the Ownership Requirements?   It is necessary to fulfill the continuous requirements listed in Article 40(1) of the UAE Corporate Tax Law for the complete duration of the applicable … Read more

Introduction  The Ministerial Decision provides direction for the application of transfer within the same Qualifying Group under the UAE Corporate Tax Law. In this regard, the policies and processes for transfers within a Qualifying Group are described.   What is an Ownership Interest for Transfer within the same Qualifying Group?  Taxable Person holding any one … Read more

Introduction  UAE MOF has come up with an update helping in framing guidelines for Business Restructuring as per Article 27 of the UAE Corporate Tax Law.  What is Transfer in Exchange for Shares and Other Forms of Consideration?  A transfer takes place when the market value received in addition to the shares or interest does … Read more

Introduction  The Cabinet Decision has clarified what will constitute as Qualifying Income and it provided other important guidelines that are specifically designed for the Qualifying Free Zone Person.  Scope of Application   This decision will apply to Qualifying Free Zone Persons.   What is a Qualifying Income?  Qualifying Income of the Qualifying Free Zone Person … Read more