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Get Familiar With the Corporate Income Tax Penalties
- 22.06.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
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The Federal Tax Authority (FTA) has implemented stringent penalties for non-compliance with Corporate Income Tax regulations in the UAE, covering late registration, submission, payment, incorrect tax filings, and record-keeping.
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UAE Signs Another Double Taxation Avoidance Agreement
- 08.06.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The UAE is expanding the list of countries with which it has signed Double Taxation Avoidance Agreements (DTAs).
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IMPORTANT: The Timelines for Registration of Taxable Persons for UAE Corporate Tax
- 02.03.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The Federal Tax Authority’s Decision No. 3 of 2024 introduces specific registration timelines for taxable persons under UAE Corporate Tax, effective from 01.03.2024, with penalties for non-compliance.
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Understanding Transfer Pricing
- 21.02.2024
- Posted by: Uwe Hohmann
- Categories: Dubai, Middle East
The introduction of transfer pricing regulations in the UAE highlights the need for companies to ensure transactions between entities are conducted at arm’s length, aiming for transparency and compliance in international business operations.
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UAE Corporate Tax: Key Rules for Unincorporated Partnership Registration and Profit Sharing
- 08.01.2024
- Posted by: Uwe Hohmann
- Categories: Tax, Dubai
The UAE Corporate Tax Law mandates unincorporated partnerships to appoint an ‘Authorized Partner’ for tax obligations, offering an option to be treated as a Taxable Person under certain conditions.
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UAE Corporate Tax Law: Updates on Free Zone Regulations
- 21.12.2023
- Posted by: Uwe Hohmann
- Categories: Tax, Dubai
The UAE’s latest legislative changes bring important updates to Free Zone rules under the Corporate Tax law, particularly affecting the financial services sector.
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Navigating Intra-Group Loans – Transfer Pricing Rule in the UAE
- 04.11.2023
- Posted by: Uwe Hohmann
- Categories: Tax, Dubai
Navigating intra-group loans in the UAE requires understanding transfer pricing rules, ensuring arm’s length pricing, analyzing credit ratings, considering the benefits of group affiliation, and benchmarking against third-party loans to achieve compliance under the Corporate Tax Regime.
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Tax Planning in the UAE under the Corporate Income Tax Regime
- 31.10.2023
- Posted by: Uwe Hohmann
- Categories: Tax, Dubai
The CIT regime in the UAE reshapes the tax landscape, introducing a 9% rate for incomes over AED 375,000 and offering various provisions and exemptions that businesses should strategically navigate to ensure compliance and optimize profitability.
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Taxable Non-Resident Persons in the UAE
- 27.10.2023
- Posted by: Uwe Hohmann
- Categories: Tax, Accounting, Dubai
The United Arab Emirates (UAE) has implemented a Corporate Tax regime for non-resident individuals and entities, subjecting them to taxation based on specific criteria for their presence and income sourced within the UAE.
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UAE Corporate Tax Regime – Exempt Income: Dividends and Participation Exemption
- 26.10.2023
- Posted by: Uwe Hohmann
- Categories: Tax, Accounting, Dubai
The UAE’s corporate tax regime offers tax exemptions on dividends and participation interests to prevent double taxation, with specific criteria and tests to ensure eligibility.
