Tom Bicknell of Pinsent Masons said: “Although heralded for some time, the explicit exemption of investment funds from the UAE’s new corporate tax regime will still come as a welcome relief. Important questions remain, however, over qualifying jurisdictions and the number of interests that mu...
Corporate Tax Exemption Rules & Regulations The following “Tax Persons” in the UAE are exempt from Corporate Tax as per the FTA guidelines: A Government Entity A Government Controlled Entity A Person who owns an extractive business in the UAE, that meets the conditions of Article 7 of this ...
As the first financial year following the introduction of the Corporate Tax Law (“CT Law”) comes to a close for many businesses in the United Arab Emirates, it is important to ensure taxpayers meet statutory deadlines and understand the key technical p
As new and more complex forms of doing business develop, income tax is also being amended to keep pace. Recently, the scope and frequency of these amendments have accelerated due to international requirements, especially as part of the programme for comb
Value-added tax (VAT) VAT was introduced in the UAE on 1 January 2018. The general VAT rate is 5% and applies to most goods and services, with some goods and services subject to a 0% rate or an exemption from VAT (subject to specific conditions being met). The 0% VAT rate applies...
Nassibhas lived in Lebanon, Canada, The Netherlands, Qatar and the UAE. In his spare time, he enjoys contemporary art, music including opera, and hiking in the countryside, particularly in the Alps. SUSAN BAKER Partner, Morgan, Lewis & Bockius LLP ...
Hensley&Cook is specialised in the set-up of companies in the Seychelles, the Philippines, Singapore and the United Arab Emirates (UAE), but can
it must be taxed as being outside the uae. goods transferred between authorized zones are tax-free. what tax benefits will i get from setting up my business in a free zone? there are many benefits to setting up in a free zone, and most notable is the tax benefits. start your company...
Providing latest updates on Direct and Indirect Tax laws including income tax and GST with Corporate Laws which are being used by the professionals and business entities in day to day activity.
Providing latest updates on Direct and Indirect Tax laws including income tax and GST with Corporate Laws which are being used by the professionals and business entities in day to day activity.