Ministerial Decision No.116 of 2023 stipulates the conditions for Participation Exemption, exempting companies from paying corporate income tax on dividends, profit-sharing, and capital gains from “participating shares for corporate tax
Corporate tax is applied to corporate entities in the UAE, like banks, oil companies, and foreign branches. You can check the FTA website or talk to a tax expert to
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
The UAE Corporate Tax Law provides a special provision for regulated UAE Investment Managers who offer discretionary investment or asset management services to foreign funds and customers. Referred to as
The FTA issued the Clarification No.TAXP008 in line with the Decree-Law No. 28 of the year 2022 that the taxpayers can challenge the assessments without the requirement of reconsideration application.
Saudi Arabia entered into a Double Tax Treaty with UAE in March 2019 that was subsequently made public through its publication in the Official Gazette, Ummul Quraa, marking a pivotal
The process of tax dispute litigation in the United Arab Emirates (UAE) describes the legal framework that allows the taxpayers to challenge decisions made by the Federal Tax Authority (FTA).
The United Arab Emirates (UAE) and especially Dubai has become a world leader in business and entrepreneurship. The city’s strategic location, business-friendly policies, and robust infrastructure have prompted lots of
The UAE issued a new Corporate Tax Law (“CTL”) on 09 December 2022. The law establishes the legal framework for introducing and implementing a federal corporate tax in the UAE.
Free zones are an important aspect of the UAE economy and hold a crucial position in the process of changing the economy of the UAE and the global economy. Some
On November 6, 2024, the Federal Tax Authority (FTA) issued a new Decision to assist registered businesses in surviving challenges regarding compliance with the tax requirements. The decision allows registered
Taxable Persons engaging in specific business activities must be well-versed in the applications and elections available under the Corporate Tax Law. This article explores the various facets of applications and









