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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
No CommentsThe 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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Saudi Arabia Will Allow Foreign Law Firms to Consult on KSA Law
- 29.10.2023
- Posted by: Uwe Hohmann
- Category: Uncategorized
The decree issued by the Council of Ministers in 2022 marks a significant shift in Saudi Arabia’s legal landscape, allowing foreign law firms to establish offices and provide consultancy on Saudi laws, thus fostering international collaboration and economic growth.
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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.
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Requirements for Maintaining Transfer Pricing Documentation (UAE Corporate Tax)
- 24.10.2023
- Posted by: Uwe Hohmann
- Categories: Tax, Accounting, Dubai
Ministerial Decision No. 97 of 2023 details the requirements for maintaining Transfer Pricing Documentation under the UAE’s new Corporate Tax Regime, specifying conditions for Master and Local File maintenance and clarifying the inclusion of Related and Connected Persons.
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Small Business Relief in the UAE Corporate Tax Regime
- 23.10.2023
- Posted by: Uwe Hohmann
- Categories: Tax, Accounting, Dubai
The Small Business Relief in the UAE Corporate Tax regime offers eligible businesses with revenues below AED 3,000,000 simplified tax return procedures and exemption from Corporate Tax.
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UAE E-Commerce Landscape: Insights, Opportunities, and Guidelines for Optimal Company Setup
- 20.10.2023
- Posted by: Uwe Hohmann
- Categories: Company Setup, Dubai
The UAE’s e-commerce sector is witnessing significant growth, offering promising business opportunities.
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Interest Deductions in the UAE Corporate Tax
- 19.10.2023
- Posted by: Malavika Kolera
- Categories: Tax, Accounting, Dubai
The Federal Decree Law No. 47 of 2022 outlines provisions for interest expenditure deductions, allowing up to 30% of the EBITDA with exceptions for net interest below AED 12 million, specific rules for related party transactions, and exceptions if no corporate tax advantage is sought.
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Dubai Chamber of Digital Economy Releases Comprehensive Guide for Startups
- 18.10.2023
- Posted by: Uwe Hohmann
- Categories: Tax, Dubai
The Dubai Chamber of Digital Economy has released a comprehensive guide titled ‘Building Your Business in a Dynamic City: The Entrepreneur’s Guide to Business Setup in Dubai,’ aiming to assist startups in navigating the emirate’s digital ecosystem.
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Understanding the Tax Loss Provisions in the UAE
- 13.10.2023
- Posted by: Malavika Kolera
- Categories: Tax, Dubai
Federal Decree Law No. 47 of 2022 introduces key changes in UAE’s tax landscape, allowing businesses to adjust previous year’s tax losses against subsequent tax periods, with specific conditions for offset and transfer.
