The UAE has created a comprehensive legal framework for the protection of various kinds of intellectual property rights, including trademarks, copyrights, patents and industrial designs. This framework is designed to …
Value Added Tax (VAT) is a consumption tax imposed at each stage of the supply chain on goods sold and services rendered in the United Arab Emirates (UAE). Implemented in …
Accurate VAT assessment for digital services is essential for business forecasting, regulatory compliance, and mitigating risks associated with fines and audits. This article explains the implementation of VAT on digital …
Federal Decree-Law No. 47/2022, governing UAE Corporate Tax Law, defines “resident persons” as individuals and entities that have a significant economic and/or physical connection to the UAE. The determination of …
Pre-grouping tax losses refer to the tax losses incurred by a subsidiary before becoming part of a tax group. In other words, they arise when a subsidiary’s deductible expenses exceed …
A subsidiary is a resident business partially or wholly owned by a parent company, as defined under corporate tax law. When companies within the same country form a tax group, …
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